MTNL shares zoom 10% as cabinet approves Rs 6,000 crore package for 4G expansion

MTNL shares zoomed 10.3% in early trade to their day’s high of Rs 57.56 on the BSE on Monday, February 10 after the Union Cabinet approved an additional Rs 6,000 crore funding for Bharat Sanchar Nigam (BSNL) to support its 4G expansion. The funds will address a shortfall in planned capital expenditure for BSNL and its subsidiary, Mahanagar Telephone Nigam (MTNL).