Mahanagar Telephone Nigam Limited (MTNL) is locked in upper circuit of 10% at Rs 15.32 on BSE with no sellers on the counter on reports of signing pact with BSNL to utilise each other’s network for providing pan-India mobile services.
“BSNL and MTNL are likely to sign a pact today that would allow the state-run companies to utilise each other’s network for providing pan-India mobile services,” the PTI report suggests.
There will be greater synergy between the two organisations on operational issues, commercial issues, customer delivery, IT integration, infrastructure sharing and business promotion, added report.
The stock opened at Rs 14.15 and has seen a combined 3.09 million shares changing hands on the counter so far. There are pending buy orders for 8.04 million shares on BSE and NSE at 1045 hours.
“BSNL and MTNL are likely to sign a pact today that would allow the state-run companies to utilise each other’s network for providing pan-India mobile services,” the PTI report suggests.
There will be greater synergy between the two organisations on operational issues, commercial issues, customer delivery, IT integration, infrastructure sharing and business promotion, added report.
The stock opened at Rs 14.15 and has seen a combined 3.09 million shares changing hands on the counter so far. There are pending buy orders for 8.04 million shares on BSE and NSE at 1045 hours.
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