India to Deposit $11 Million for Telco MTNL's Timely Debt Pay

By Yahoo! Finance | Jul 16, 2024 at 05:11 AM EST

The Indian government will deposit $11.3 million in an escrow account to ensure timely interest payment on Mahanagar Telephone Nigam Ltd.'s bond. The move highlights the struggles of state-owned telecom companies against private counterparts in India's booming telecom industry.

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