Rumours regarding the merger of BSNL and MTNL

The are Rumours circulated regarding the merger of BSNL and MTNL. The SNEA, the Sanchar Nigam Executive Associations has posted the Latest information about this BSNL and MTNL merger. The SNEA post is given below..

Merger of BSNL and MTNL

“..The leaders raised the issue during the discussion with CMD today. CMD replied that he was not informed about any development on this issue. The leaders firmly told the CMD BSNL that any merger of BSNL and MTNL can be accepted only if the following conditions are fulfilled by the government.

(1) The entire financial liability of MTNL, about Rs 19,400 Crores should be taken over by the Government and this burden should not be shifted on the shoulders of BSNL.

(2) The salary and pay scale structure of the employees of BSNL and MTNL should be one and the same and there should not be any discrimination in this count.

(3) MTNL is a listed in the share market. Hence, merger of MTNL with BSNL, will pave the way for disinvestment / privatisation in BSNL. Hence, the government should first de-list MTNL from the share market, as pre-condition for merger with BSNL.

CMD assured that the views of the leaders would be given due consideration

Source : SNEA