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"From our side it (AGR dues) is nil, it should be up to Rs 200 to Rs 300 crore if at all it is there. We have a wholly owned subsidiary Millennium Telecom through which we do the system integration activities all over India. The revenues out of this is non - AGR since it is a separate company. Nothing is pending on our AGR amount post Supreme Court order on the mobile services side . If at all, it will be Rs 200-300 crore and we will explain in our communications to DoT that it is not there and all have been paid", Sunil Kumar CMD, MTNL told .MTNL shares were down3.91 per cent at Rs 8.60 on the BSE.Millennium Telecom Limited, a wholly owned subsidiary of MTNL, was set up in 2000. The Company obtained a category 'A' licence from the DoT for providing Internet services throughout India.In a big blow for the telcos, the Supreme Court backed DoT definition of AGR. The apex court ruled that AGR should include all revenue accrued to carriers. It ruled that the adjusted gross revenue (AGR) for telcos should include all revenue accrued to carriers, including that from non-core activities, thus backing the Telecom Department's stance in a 16-year-old case.The amount which now stands provisionally at Rs 1.47 lakh crore is hard hitting Airtel and Vodafone Idea, who have to share their revenues for all their non-core activities with the government accumulated over the last 16 years.MTNL has reported a reduction of its loss to Rs 949 crore in the quarter ended September 30, 2019 (Q2) from Rs 1053 crore in Q1. Its revenue has declined to Rs 369.32 crore in Q2 from 412.35 crore in Q1. It has a market cap of Rs 543.69 crore. It is part of the BSE small cap index. Government of India holds 56.25 per cent and LIC holds 14.33 per cent.The PSU which operates in Delhi and Mumbai has a merger pending with BSNL and is currently under a VRS exercise where its target has already been crossed. Out of 18,200, already 14,000 have opted for it and very soon the PSU will be left with 4,000 people which is expected to boost its profitability.MTNL currently has a negative net worth and cash flow.( With inputs from IANS )

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Union Minister for Communications Ravi Shankar Prasad informed the Lok Sabha on Wednesday that the government has decided to revive BSNL and MTNL, and that it is also giving packages to employees who sought voluntary retirement. ...

State-owned Bharat Sanchar Nigam Ltd (BSNL) said on Tuesday that post VRS, it expects to save Rs 1,300 crore in wage bills this fiscal after the scheme becomes effective in January. ...

The government on Thursday ruled out any plans to sell stake or disinvestment of ailing telecom PSUs Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) in the Parliament while fixing a target of Rs 200 crore and Rs 300 ...

Union Minister for Communications Ravi Shankar Prasad on Wednesday informed the Lok Sabha during the Question Hour that more than 92,000 employees of BSNL and MTNL have opted for voluntary retirement scheme (VRS) while the process is on for the merge ...

Expediting enrolment of farmers for providing financial support under PM-Kisan scheme and strengthening telecom companies were some of the key issues raised by MPs in the Rajya Sabha on Tuesday. ...

BSNL and MTNL contractual employees would have to fend for themselves as they are on the rolls of their contractors and not of the two state-run telecom companies, Parliament was informed on Thursday. ...

State run MTNL does not have any liability pending on account of the AGR revenues unpaid to the Department of Telecom (DoT)as it operates through a separate subsidiary and its mobile service dues have already been paid under the AGR. ...