MTNL board approves 10-year service agreement with BSNL

NEW DELHI: The board of Mahanagar Telephone Nigam Limited (MTNL) has approved the telecom company’s 10-year service agreement with the government-owned Bharat Sanchar Nigam Limited (BSNL).

The board has “accorded its approval to enter into a service agreement between BSNL and MTNL for 10 years or unless it is revoked earlier by giving a notice of 6 months or extended by mutual consent between the Parties, subject to approval of the said Service Agreement by Department of Telecommunications (DoT)/ Ministry of Company Affairs (MCA)”, MTNL said in a regulatory filing Wednesday following a board meeting that concluded today.