MTNL to list Mauritius arm soon

12 years, 11 months ago - May 03, 2011

MTML, a wholly-owned subsidiary of the Indian PSU that entered Mauritius in 2005,

Indian state-run telecom operator MTNL is looking at listing its Mauritius arm, Mahanagar Telephone Mauritius Limited (MTML), in that country even as it plans to enter the African market, a top company official said.

Today shares of MTNL were trading 0.10% up at Rs 48.35 on the Bombay Stock Exchange.

MTML, a wholly-owned subsidiary of the Indian PSU that entered Mauritius in 2005, is already a profitable company. Its overall revenues for the third quarter, FY'11, stood at around 32 crore, with a net profit of 3 crore.

"Our Mauritius arm is profitable and is doing extremely well. We have a good subscriber base there and it is growing. Currently, we have CDMA services and will launch GSM service in August this year," MTNL Chairman and Managing Director Kuldip Singh said.

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