BSNL, MTNL turn EBITDA positive in first half of FY21

State-owned telecom companies BSNL and MTNL turned EBITDA positive in the first half of financial year 2020-21, demonstrating a marked improvement in performance within a year of approval of their revival plan, the Communications Ministry said on Monday.

While EBITDA of Bharat Sanchar Nigam Ltd (BSNL) rose to ₹602 crore during the first half of 2020-2021, that of MTNL stood at ₹276 crore, it said in a release.

Both organisations expect to reduce their losses by 50 per cent when compared to 2019-20, it said.