Indian telco MTNL loses INR8.76 billion

www.WirelessFederation.com/news: Due to the rise in the cost and fall in the revenue from basic and cellular services, state owned Indian telco Mahanagar Telephone Nagar limited posted a net loss of INR8.76 billion for its fiscal third quarter.

Total revenue at the company fell about 18% to INR9.19 billion from INR11.25 billion. 51% rise in the total cost from INR12.91 billion to INR19.49 billion has also been recorded while its non-operating income fell to INR1.01 billion from INR2.61 billion.

25% drop to INR7.46 billion from INR9.92 million has been found in the revenue from basic wire line telephony services. Besides, the cellular services also fell about 22% to INR1.66 billion in the latest third quarter.