MTNL fails to deposit interest on sovereign guarantee bonds in escrow account

New Delhi: State-owned MTNL has failed to deposit interest on sovereign guarantee bonds in the escrow account due on March 24 this year, the company said in a regulatory filing on Friday.

As per the structured payment mechanism of Tri-Partite Agreement (TPA) signed among MTNL, the Department of Telecommunications (DoT), Beacon Trusteeship Limited, the telecom company has to fund the semi-annual interest into the escrow account maintained in Bank of India with an adequate amount 10 days before the due date, which in this case is March 24, 2026.