There will be no default on MTNL bond dues: Telecom Minister Scindia

NEW DELHI: The government on Thursday assured that there will be no default on bond dues of MTNL, and said the state-owned telco’s operations will be transferred to BSNL even as its asset monetisation efforts to pay off liabilities are underway.

The government of India stands behind the sovereign guarantee bonds, Telecom Minister Jyotiraditya Scindia asserted.