MTNL’s struggles worsen. How will the Indian government respond?

MTNL’s struggles worsen. How will the Indian government respond?

The Indian government has reportedly made a INR920 million (US$11,006,235.72) payment towards the bond dues of the struggling state-owned operator MTNL. Another INR640 million (US$7,657,535.01) payment is likely to follow from the government to help with MTNL’s interest obligations that are due in August.