MTNL, the state-owned telecom company, has defaulted on a payment of Rs 5,726.29 crore owed to various banks. The company's total debt has reached Rs 32,097.28 crore, significantly exceeding its annual income. Union Telecom Minister assured that the debt is backed by a sovereign guarantee and MTNL's business will be transferred to BSNL. Read The Rest at :
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