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Mahanagar Telephone Nigam

BSE: 500108|NSE: MTNL|ISIN: INE153A01019|SECTOR: Telecommunications - Service
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Company History - Mahanagar Telephone Nigam
1986
 
 - On 28th February Mahanagar Telephone Nigam Ltd. was incorporated as
 a
 Public Limited Company under the Companies Act, 1956.  The company
 has
 been set up to take over the management, control and operation of
 Delhi
 Telephone District (Excluding public telegraph service) and Mumbai
 Telephone District of the Department of Telecommunications and to
 plan,
 establish, develop, provide, operate and maintain all types of
 telecommunication services including Telephone, telex, wireless,
 data
 communication, telematic and other like forms of communication.
 
 - One of the important objectives of the company is to raise the
 necessary finance to meet its own developmental needs and also that
 of
 the telecommunications board of the Department of Telecommunication.
 
 - The Main objectives and aims of Nigam are as follows: (1) To
 upgrade
 the quality of telecom services (2) To expand telecom (3) To raise
 necessary financial resources (4) To provide new telecommunication
 services, particularly needed by the business community and public
 administration such as Cellular Mobile Radio Telephone, Radio
 Paging,
 Fascimile Videotex, Teletex, Electronic Mail etc. (5) To invest in
 Human Resource Development (6) To organise and dovetail the training
 programmes.
 
 - During November, the Mahanagar Telephone Nigam Ltd. offered
 15,00,000-14% and 10% secured redeemable non-convertible bonds of Rs
 1,000 each for public subscription to partly meet the fund
 requirements
 of the capital expenditure programmes of the MTNL and DOT envisaged
 for
 the year 1986-87.  - Additional 7,50,000 bonds were issued to retain
 over subscription.  15,88,460-14% secured redeemable bonds were
 privately placed with the financial institutions and banks.
 
 - All shares issued to President of India and of which 59,99,984
 shares
 were issued without payment in cash.
 
 1987
 
 - 1,12,133-14% and 19,26,327-10% bonds of Rs 1000 each were allotted
 in
 February/March.  The 14.0% and 10.0% bonds are redeemable after the
 expiry of 7 years and 10 years respectively from the date of
 allotment.
 
 1995
 
 - The entire junction network in the system was fibre based on a
 step
 to provide self healing machanisms to be built in the System through
 induction of SDH technology.
 
 1996
 
 - The Company floated on private placement basis 11th `A' part and
 12th
 Series of bonds aggregating Rs 359.26 crores for the developmental
 programmes of the department of telecommunications.
 
 1997
 
 - The Company took various steps to provide a host of value added
 services like datacom, inet, DIDPABX, Voice Mail, Radio Paging and
 ISDN.
 
 - In addition to phone plus facilities like dynamic locking, call
 waiting/call transfer, hot line etc. were extended to valued
 customers.
 Apart from this IVRS (Interactive Voice Response System) like local
 assistance changed number information, and falut booking system
 ensuring round the clock service, a CD-ROM version of the telephone
 directory and an on-line directory enquiry through PC was introduced
 during the year.
 
 - The Company undertook to provide, wireless in the local loop in
 Mumbai and Delhi, GSM Mobile Telephone in Delhi and Mumbai, B.CDMA
 pilot project, Induction of Smart Payphone and introduction of DLC
 optical fibre borne system.
 
 - Payment of bills was made hassel free with the introduction of
 electronic clearing system and customer service management system
 for
 on-line payment and adjustment of telephone bills.
 
 - The Company issued 7,00,000 No. of equity shares representing
 3,50,000 GDRs (1 GDR = 2 shares) at a price of US $ 11.958 per GDR.
 
 1998
 
 - As on 31st March, the waiting list of the MTNL has 1047 in Delhi
 and
 Nil in Mumbai due to its sustained efforts and timely implementation
 of
 various projects.
 
 - Mahanagar Telephone Nigam Ltd is considering a proposal to reduce
 the
 security, a Wireless in Local Loop (WiLL) subscriber has to pay to
 Rs
 15,000 from Rs 25,000.
 
 - MTNL has proposed that a WiLL subscriber's bank can stand
 guarantee
 for this security, effectively ensuring that there is no real
 outflow
 from the subscriber's pockets.
 
 - The Mahanagar Telephone Nigam Ltd (MTNL) board has approved a
 proposal for setting up a joint venture company with the Telecom
 Consultants India Ltd (TCIL) for operating basic and cellular
 services.
 
 - The Company is setting up a network in Kuwait.  The project was
 awarded to TCIL in June 1997.  In Comoros, the company is using
 C-DoT
 exchanges for the telecom network.
 
 - The Mahanagar Telephone Nigam Ltd (MTNL) is developing a software
 to
 protect customers from telephone tapping and reading by external
 sources.
 
 - Mahanagar Telephone Nigam Ltd (MTNL) launched the country's first
 toll-free service in Delhi.
 
 - The company will be advertising to select an international joint
 venture (JV) partner for its cellular phone service; MTNL will have
 a
 51 per cent equity stake in the new company.
 
 - MTNL will set up an integrated commercial accounting system with
 help
 from Tata Consultancy, Services.
 
 - The state-owned Mahanagar Telephone Nigam Ltd (MTNL) is all set to
 give a run to private cellular operators for their money by launching
 a
 low-tariff mobile telephone service to cater to the salaried
 middle-class and students.
 
 - Within a few weeks of listing, the MTNL (Mahanagar Telephone Nigam
 Ltd) GDR issue was voted as one of the top 10 Best International
 Equity
 Issue in 1997 in a poll conducted by Euroweek's International Equity
 Review, the respected international business publication.
 
 - In the polls, MTNL secured the awards of the 10th best
 international
 equity issue of 1997; fourth best Asian equity issue of 1997; and
 second best Indian equity issue of 1997.
 
 - Mahanagar Telephone Nigam Ltd., is undertaking a restructuring
 plan
 to ward off competition and streamline costs.
 
 - Mahanagar Telephone Nigam Ltd (MTNL) is holding parleys with
 banks,
 FIs and mutual funds for making a private placement of bonds worth
 Rs.450 crore.
 
 1999
 
 - Mahanagar Telephone Nigam (MTNL) has proposed a cash-and-stock
 deal
 to the Department of Telecommunications (DoT).
 
 - Mahanagar Telephone Nigam Ltd (MTNL) has proposed a joint venture
 with Telecom Consultants India Ltd (TCIL) to become the second basic
 telecom services provider in West Bengal and Jammu and Kashmir.
 
 - The Department of Telecommunications (DoT) and Mahanagar Telephone
 Nigam Ltd (MTNL) have shot down the Delhi and Mumbai cellular
 operators' proposal for an out-of-court-settlement of the litigation
 of
 MTNL's entry into cellular services.
 
 - Mahanagar Telephone Nigam Ltd (MTNL) on Tuesday entered into
 direct
 competition with another state owned public sector unit Videsh
 Sanchar
 Nigam Ltd (VSNL) for Internet services by offering a 15 per cent
 lower
 tariff.
 
 - International telecommunications provider Videsh Sanchar Nigam
 Limited (VSNL) will enter the national long distance telephony
 segment
 when it is opened up for competition in 2000.
 
 - Mahanagar Nigam Telephone Ltd (MTNL) on Wednesday released the new
 telephone director called Phone Book 1999 after a gap of four years.
 
 - The MTNL Board has proposed a stock option price of around Rs. 85
 per
 cent share to the department of telecommunications (DoT) as against
 the
 market price of around Rs. 85 per share to the department of
 telecommunications (DoT) as against the market price of around Rs.
 170
 before the recent political upheaval.
 
 - State-owned Mahanagar Telephone Nigam Ltd is expanding the
 wireless
 in local loop (WLL) network, both in Mumbai and Delhi up to 50,000
 and
 10,000 subscribers respectively.  In Delhi, they are expanding the
 network to 10,000 from the existing 1,000 subscribers.  In Mumbai
 the
 network would be expanded to 50,000 subscriber.
 
 - Mahanagar Telephone Nigam Ltd (MTNL) has proposed that the
 government
 should dovetail its disinvestment programme of a 0 million Global
 Depository Receipt (GDR) issue with the company's plan to become the
 first Indian firm to be listed on the New York Stock Exchange (NYSE)
 within the next three months.
 
 2000
 
 - Mahanagar Telephone Nigam Ltd (MTNL) tied up with MasterCard
 International to pioneer the acceptance of credit cards for payment
 of
 telephone bills.
 
 - The Company will do the soft launch of its GSM-based monbile
 services
 in Delhi and Mumbai.
 
 - The Company is likely to be listed on New York Stock Exchange next
 month with the public sector telecom giant getting clearance from
 the
 bourse.
 
 - The Company has proposed increase in the pulse rate of local call
 for
 the internet usage to five minutes from three minutes to make
 internet
 usage affordable.
 
 - The Company will launch its cellular service in Mumbai from August
 15.
 
 - The Company has awarded the Rs 32 crore contract for Fixed
 Wireless
 Terminals for its CDMA network in Delhi.
 
 - The Company and American Express travel related services entered
 into
 alliance for india's first co-branded telecom credit card MTNL
 American
 Express credit card.  - The company will mull a tie-up with portals
 rediff.com and satyamonline.com at a meeting.
 
 - The Company has setting up both basic and cellular services in
 Nepal.
 
 - Telecom services in the national capital of Mumbai were partially
 affected due to one day token strike by non-executive employees of
 the
 company demanding revision of pay scales, perks and allowances.
 
 - The Employees of the Company in New Delhi went on a one-day strike
 on
 4th June demanding revision of pay scales and perks.  The staff
 threatened to go on an indefinite strike from July 11.
 
 - The Proposed strike of the Company staff unions has been deferred
 to
 21st July.
 
 - The state owned Mahanagar Telephone Nigam Ltd. will set up a
 submarine cable landing station.
 
 - The company has to explore possibility of entering a joint venture
 with another state owned company Videsh Sanchar Nigam for just
 opened
 Long Distance telephony.
 
 - Narendra Sharma has been appointed as the new chairman and
 managing
 director of the company.
 
 - The company has opened two additional customer service centres at
 Chembur in Mumbai.
 
 - The Company will expand its common man mobile telephone network by
 50,000 new lines in the current financial year.
 
 - Mahanagar Telephone Nigam Limited to launch its cellular phone
 service in Mumbai in January next with a subscriber capacity of
 1,00,000 lines.
 
 - Mahanagar Telephone Nigam Ltd. has transferred its Internet
 Service
 Provider Category-A licence as well as Internet business to its
 subsidiary, Millennium Telecom.
 
 2001
 
 - MTNL is to develop a dedicated division to spearhead its cellular
 operations in Delhi and Mumbai.
 
 - Mahanagar Telephone Nigam Limited (MTNL) will introduce a cash
 card
 for its cellular subscribers within two months of starting its
 cellular
 Operations on Jan. 31.
 
 - The Company Chairman Narinder Sharma has bagged the international
 Millienium Man of the Year award, instiutted by the international
 award committee of Wisitex Foundation.
 
 - Dolphin, the much-awaited cellular service of MTNL, was launched
 in
 Delhi on 6th Feb.
 
 - The Company proposes to provide additional net switching capacity
 of
 3.30 lakh lines and to deploy 50,000 lines of CDMA-based WLL
 technology
 during the year 2001-02.
 
 - The Company and Videsh Sanchar Nigam Limited have both signed
 memoranda of understanding with the Department of Telecommunications
 outlining their performance agenda for the coming financial year.
 
 - The Company has tied up with Billjunction.com to provide online
 bill
 presenting and payment facility to its customers.
 
 - The Company will have a roaming facility in its cellular service,
 Dolphin, by the end of this month
 
 - The Company has tied up with WorldTel to offer basic telecom
 services
 in Bangaladesh as part of the corporation's proposed move to
 diversify
 into overseas operations.
 
 - Mahanagar Telephone Nigam Limited (MTNL) has roped in ICRA to
 chart
 out a strategy to leverage the human resources of the telecom
 company
 
 - The Delhi High Court has upheld the appointment of Narinder Sharma
 as
 chairman-cum-managing director of MTNL, saying there was no merit in
 a
 writ petition challenging it.
 
 - Dolphin, the cellular service promoted by State-owned telecom
 operator MTNL, seems to be catching on.In October, Dolphin
 registered
 13,000 new subscribers in Mumbai, increasing its base to 33,000.
 Around 30 per cent of these new connections have defected to Dolphin
 from incumbent cellular operators, Orange or BPL, according to MTNL
 officials.
 
 - IDBI Bank has forged an alliance with MTNL in Delhi to help the
 account holders of the bank to pay their phone bills through ATMs and
 Internet.
 
 2002
 
 -Announces its launch of  Wireless in Local Loop (WLL) service in
 Mumbai
 
 -Launches its pre-paid cellular card Trump with tariffs 50 per cent
 lower than that of the private players in Delhi and Mumbai
 
 -Govt. pemits MTNL, BSNL to compete in basic services
 
 -Sets up a new software venture called ComSoft for developing
 communications software, as a part of its strategy to offer
 value-added communications software in e-commerce, e-governance and
 intelligent networking
 
 -IDBI Bank signs MoU with MTNL for bill payment
 
 -Announces unlimited cell calls for Rs 1900
 
 -MTNL stock price records nine-year-low of Rs 95
 
 -Announces new codes for MTNL consumers in Delhi
 
 -MTNL stops sales of its pre-paid card Trump
 
 2003
 
 -Misses WLL-M expansion deadline in Delhi
 
 -Partners with RailTel Corporation of India Ltd.  to offer telecom
 bandwidth vide optical fibre cable (OFC) along its track network
 
 -Announces free incoming calls
 
 -Formulates VRS for employees
 
 -Department of Telecommunications (DoT) signs Memorandum of
 Understanding (MoUs) for 2003-04 with Mahanagar Telephone Nigam Ltd
 (MTNL)
 
 -Slashes number of free calls
 
 -Forms Joint Venture with VSNL and Telecommunications Consultants
 India Ltd (TCIL) to provide Basic & WLL telephone services in Nepal
 
 -Trai rejects MTNL's new WLL tariffs
 
 -Cuts down cellular tariffs to take on private sector competition
 
 -Awards WLL-M handset contract to Kyocera of Japan
 
 -Reduces tariff rates by 50% on CDMA services
 
 -Shelves global long distance plan
 
 -Approves VRS for its employees
 
 -Gets licence for providing telephone service and ILD services in
 Mauritius
 
 -Joins hands with Nokia, Samsung for WLL handsets
 
 -Launches new tariff plan where the monthly rental will be Rs 100 and
 the call charges will be Rs. 1.90 per minute
 
 -Launched a new scheme offering a fixed line telephone connection for
 Rs 100 per month, on which the customer can access free incoming
 calls. For outgoing calls, the customers will have to use Virtual
 Credit Cards (VCC). Thus, the offer introduces a hybrid post-paid cum
 prepaid arrangement for a fixed line phone.
 
 -1. Shri Narinder Sharma - ceased to be CMD wef October 31, 2003 on
 retirement from service on attaining the age of Superannuation.
 2. Shri R S P Sinha - Director (F) has been entrusted the officiating
 charge of the post of CMD for a period of 3 months wef November1,
 2003.
 3. Shri I C Srivastava - ceased to be the Director wef October 8,
 2003 due to death
 4. Shri P C Rawal - ceased to be the Director wef October 29, 2003
 5. Dr J S Sarma - appointed as Govt. Director in place of P C Rawal
 wef October 29, 2003
 6. Smt Monika Arora - tendered her resignation wef November 11, 2003
 and ceased to be the director from the said date.
 
 -MTNL has come out of its negative trap with its fixed-line
 subscribers outgrowing surrenders, even as it launched a new scheme,
 'Plan 160', for basic telephony subscribers.
 
 -MTNL  has informed that Shri AK Girotra and Shri RL Dubey, Executive
 Director Delhi and Mumbai respectively have been appointed as
 ex-officio directors on the Board of MTNL wef December 19, 2003
 
 -MTNL unveils 'Economy Plan' for WLL services
 
 2004
 
 -MTNL launches new schemes for ISDN subscribers
 
 -MTNL unveils SMS facilities on its landlines for its customers
 
 -MTNL bags licence to offer telecom services in Mauritius, Kenya
 
 - MTNL and BSNL have entered into a strategic alliance, under which
 the two public-sector telecom companies will jointly offer their
 voice and data services
 
 -MTNL Ltd. has informed that Sh. A. K. Girotra, and Sh. R.L. Dubey,
 Executive Director, Delhi and Mumbai respectively have been appointed
 as ex-officio directors on the Board of MTNL w.e.f. December 19,
 2003.
 
 -Mahanagar Telephone Nigam Ltd (MTNL) on January 09, 2004, announced
 a special tariff plan for basic service users with Rs 160 monthly
 rental aiming at low end users. Under this special plan, there would
 be no free calls as available under other tariff packages.
 
 -ITI queries on MTNL deal with Huawei
 
 -MTNL bags award for excellence in cost reduction
 
 -MTNL awards GSM line contract for Motorola
 
 -Mahanagar Telephone Nigam has launched new leased line services,
 with both 'full' and 'compressed' bandwidth circuits, for port speeds
 ranging from 64 kpbs to two mbps
 
 -MTNL join hands with BSNL to target corporate clients
 
 -MTNL unveils value added services (VAS) for landline customers in
 Mumbai
 
 2005
 
 - Consumers will get access to high-speed Internet services from Jan
 14, onwards for as low Rs 500 a month, with Bharat Sanchar Nigam Ltd
 and Mahanagar Telephone Nigam Ltd launching its broadband services
 across the country.
 
 - Mahanagar Telephone Nigam Ltd's latest voluntary retirement scheme,
 which closed on January 31, 2005, has somewhat come a cropper with
 only around 2,000 employees, out of its total staff of around 58,000,
 applying for it.
 
 -MTNL rolls out Rs 1,000 cr tender for 3G services
 
 -Red Hat partners with MTNL's  CETTM centre
 
 2006
 
 -NLD licence for MTNL
 
 -MTNL teams up with Aksh Opticfibre for IPTV
 
 -MTNL & Software Technology Parks signs JV agreement
 
 -MTNL set to launch 3-in-1 services
 
 2007
 
 - Mahanagar Telephone Nigam Ltd (MTNL) has appointed Shri. S P
 Pachauri as Director (H R) on the Board of MTNL w.e.f. December 06,
 2007.
 
 -MTNL to tie up with Novatium for Net access device
 
 -MTNL all set to buy Sri Lankan Suntel
 
 -MTNL gets Rs 1,461 crore I-T refund
 
 
 2008
 
 -Mumbai: Mahanagar Telephone Nigam Ltd has joined hands with Contakt
 Tech Solutions India for Express alert, a new value added service for
 MTNL subscribers
 
 - MTNL ha launched the next generation 3G technology-based telecom
 services in Delhi. The service was inaugurated by Prime Minister
 Manmohan Singh by receiving a video call from Telecom Minister A
 Raja, who was also present at the function.
 
 - Mahanagar Telephone Nigam Ltd has joined hands with Contakt Tech
 Solutions India for Express alert, a new value added service for MTNL
 subscribers. MTNL's customers will get astrology, news, stock, etc
 alerts by subscribing to these services.
 
 2009
 
 -MTNL to launch 3G Services in Mumbai
 
 
 2010
 
 - Mahanagar Telephone Nigam Ltd (MTNL) has informed BSE that Shri R.
 S. P. Sinha, Chairman & Managing Director (CMD), MTNL has
 relinquished the charge of the CMD and Shri Kuldip Singh,
 Director(technical), MTNL has been given the additional charge of the
 post of Chairman & Managing Director (CMD), MTNL with effect from
 January 15, 2010.
 
 
 2011
 
 - Shri. Ashok Kumar Garg, Director(HRD), BSNL, has been appointed as
 Chairman & Managing Director, Mahanagar Telephone Nigam Ltd.
 
 
 2012
 
 - Mahanagar Telephone Nigam Ltd (MTNL) has signed a MoU with
 Welingkar Institute of Management Development & Research (Welingkar)
 to introduce two management programs for the telecom sector.
 
 -Registered Office of the Company has been shifted from Jeevan Bharti
 Building Tower - I, 12th Floor, 124, Connaught Circus, New Delhi
 110001 to Mahanagar Doorsanchar Sadan, 5th Floor, 9, CGO Complex Lodi
 Road New Delhi - 110003.
 
 2013
 
 -The Company has conveyed that guarantee space for Rs. 3000 crore is
 available for MTNL to be utilized in the financial year 2012-13.
 -MTNL introduces broadband technology-based video telephony service
 -MTNL to inject Rs 400 cr to increase 3G speed 6-fold
 
 2014
 
 -MTNL taps FIIs, raises Rs 1,500 cr via bond sale
 -MTNL gains over 6% on reports of merger with BSNL
 
 
 
Source : Dion Global Solutions Limited
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