Combined revenue market share of BSNL, MTNL at 8-year low: BofA Global

A government lifeline of over ₹3.2 trillion since 2019 has not helped  Bharat Sanchar Nigam (BSNL) and Mahanagar Telephone Nigam (MTNL), whose combined revenue market share dropped to 4 per cent in 2024-25 (FY25) — their lowest level in eight years, since 2016-17 (FY17), according to a BofA Global research report.

 

The research agency based its findings on the Telecom Regulatory Authority of India’s aggregate gross revenue data, divided by subscriber base.

 

In FY17, BSNL/MTNL had a 9 per cent revenue share, which fell to 6 per cent in FY 2019 when the relief package was introduced. The figure edged