MTNL is broke. But that’s not its biggest problem.
The defunct state-run telecom firm informed the stock exchanges last week that it wouldn’t be able to pay interest due on a ₹2,480-crore loan. But that effectively meant telling the world that the government of India was either unable or unwilling to service its debt.
The defunct state-run telecom firm informed the stock exchanges last week that it wouldn’t be able to pay interest due on a ₹2,480-crore loan. But that effectively meant telling the world that the government of India was either unable or unwilling to service its debt.