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NEW DELHI: State-run Mahanagar Telephone Nigam Limited<\/a> (MTNL<\/a>) posted a consolidated net loss of Rs 775.50 crore in Q3 FY23, up from Rs 659.28 crore in Q3 FY22.

MTNL<\/a>’s total expense increased 5.04% year-over-year to Rs 1,130.18 crore in the December quarter, while license fees (LF) and spectrum charges were Rs 21.77 crore (down 26.3% year over year), employee benefit expense was down by 6.3% year over year to Rs 129.82 crore, and finance cost was up 7.2% year over year to Rs 592.24 crore.

MTNL’s net sales declined 25.1% to Rs 227.41 crore in the December quarter as against Rs 303.56 crore in the same quarter last fiscal.

<\/p>

\"Government<\/a><\/figure>

Government may delist MTNL to merge with BSNL<\/a><\/h2>

“Since MTNL is a listed company, the process takes time. The transaction advisor will have to go through the process related to the merger and then they will come back,” Rajaraman was quoted as saying, adding that the government will also consult SEBI (Securities and Exchange Board of India) as well later.<\/p><\/div>

NEW DELHI: State-run Mahanagar Telephone Nigam Limited<\/a> (MTNL<\/a>) posted a consolidated net loss of Rs 775.50 crore in Q3 FY23, up from Rs 659.28 crore in Q3 FY22.

MTNL<\/a>’s total expense increased 5.04% year-over-year to Rs 1,130.18 crore in the December quarter, while license fees (LF) and spectrum charges were Rs 21.77 crore (down 26.3% year over year), employee benefit expense was down by 6.3% year over year to Rs 129.82 crore, and finance cost was up 7.2% year over year to Rs 592.24 crore.

MTNL’s net sales declined 25.1% to Rs 227.41 crore in the December quarter as against Rs 303.56 crore in the same quarter last fiscal.

<\/p>

\"Government<\/a><\/figure>

Government may delist MTNL to merge with BSNL<\/a><\/h2>

“Since MTNL is a listed company, the process takes time. The transaction advisor will have to go through the process related to the merger and then they will come back,” Rajaraman was quoted as saying, adding that the government will also consult SEBI (Securities and Exchange Board of India) as well later.<\/p><\/div>