Read more about Govt to exit its holding in VSNL, sell 26.12% stake for Rs 8,400 cr on Business Standard. Public sector VSNL was privatised in the year 2002 by disinvesting 25 per cent shareholding along with transfer of management control to Panatone Finvest Ltd, the strategic partner
Read more about Telecom shares rise on Business Standard. Telecom stocks were trading with gains, with the S&P BSE Telecom index rising 62.6 points or 4.45% at 1469.77 at 09:48 IST.
BSNL starts satellite phone service through INMARSAT
BSNL starts satellite phone service through INMARSAT
State-owned BSNL On Wednesday Started Satellite Phone Service Through INMARSAT. It Will Be Initially Offered To Government Agencies And Later Opened For Others Citizen In Phased Manner. PTI | Updated on: 24 May 2017, 04:47:47 PM
New Delhi:
State-owned BSNL on Wednesday started satellite phone service through INMARSAT. It will be initially offered to government agencies and later opened for others citizen in phased manner.
The service will cover areas where no networks are present and be provided by INMARSAT which has 14 satellites. Agencies handling disasters, state police, railways, Border Security Force and other government agencies will be given the phones in the first phase, Telecom Minister Manoj Sinha said at the service launch.
Telecom stocks were trading with losses, with the S&P BSE Telecom index falling 11.78 points or 0.92% at 1274.86 at 13:47 IST. Among the components of the S&P BSE Telecom index, Reliance Communications Ltd (down 1.47%), Indus Towers Ltd (down 1.47%),Vodafone Idea Ltd (down 0.97%),Bharti Airtel Ltd (down 0.97%),Mahanagar Telephone Nigam Ltd (down 0.89%), were the top losers. Among the other losers were Vindhya Telelinks Ltd (down 0.82%), ITI Ltd (down 0.79%), HFCL Ltd (down 0.77%), Tata Communications Ltd (down 0.46%), and GTPL Hathway Ltd (down 0.16%). On the other hand, Tejas Networks Ltd (up 4.97%), OnMobile Global Ltd (up 4.94%), and Sterlite Technologies Ltd (up 4.67%) moved up.
At 13:47 IST, the S&P BSE Sensex was down 30.21 or 0.06% at 47582.87.