"We have not been communicated formally or informally about any plan of the government to close down MTNL. The internal committee for revival of MTNL held its last meeting as recently as April 18, where various options for revival were discussed. Sinha had also said that the revival plan of MTNL prepared by its consultant "is under consideration" in DoT. MTNL's debt stands at a staggering Rs 17,000 crore, and its annual interest burden is close to Rs 1,450 crore. Bruised by a fierce competition from private sector players, MTNL's losses were pegged at Rs 2,893 crore in 2014-15 , Rs 2,005 crore in 2015-16, and Rs 2,970 crore in 2016-17.

Source: Economic Times April 24, 2018 10:28 UTC