Government appoints DoT’s Mahmood Ahmed on MTNL board as director

NEW DELHI: The Central government has appointed Mahmood Ahmed, Deputy Director General of the Licensing Finance Assessment (LFA), Department of Telecom as its nominee director on the board of MTNL, a PSU under the ministry.

He has been appointed for a three-year period or till the period of superannuation, an official order said.

As part of the revival package announced by the Union Cabinet in October last year, MTNL will be merged with the BSNL. Pending this, MTNL will act as a subsidiary of BSNL. MTNL is listed but has its net worth already eroded. BSNL is unlisted.

In November last year, MTNL received DoT approval to be a subsidiary of BSNL by transferring the government’s shareholding to it following the Union Cabinet’s in-principle approval to their merger earlier.