Government may delist MTNL to merge with BSNL

The government is looking into the process of delisting state-run telecom carrier Mahanagar Telephone Nigam Limited (MTNL) ahead of the merger with another state telecom firm Bharat Sanchar Nigam Limited (BSNL).

“The legal complexities are being looked into. We have appointed a consulting firm as an advisor. We expect to complete the merger of MTNL and BSNL by the end of next year but before that we need to delist MTNL from the stock exchanges,” a senior official of the Department of Telecommunications told ETTelecom.