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MAHANAGAR TELEPHONE NIGAM LIMITED (MTNL)

Mahanagar Telephone Nigam Limited (MTNL) was incorporated on February 28, 1986
under the Companies Act as a wholly owned Govt. Company and on April 01, 1986,
assumed responsibility for the control, management, operation of the
telecommunications networks in Delhi and Mumbai. MTNL is the principal provider of
fixed-line telecommunication service in these two metropolitan cities of Delhi and
Mumbai and for GSM Mobile services (four peripheral towns Noida, Gurgaon,
Faridabad & Ghaziabad along with Delhi city) and the areas falling under the Mumbai
Municipal Corporation, New Mumbai Corporation and Thane Municipal Corporation
along with Mumbai city, also come under the jurisdiction of the company.

Further, MTNL is providing dial up internet services in Delhi and Mumbai under
separate nonexclusive license agreement. MTNL launched Broadband service based
on the state of the art ADSL2+ technology in the year 2005. MTNL launched 3G
services in 2008 against the spectrum allotted in August 2008.

The authorized share capital of the company is Rs.800 crores with paid-up share capital
of Rs.630 crores. At present 56.25% equity shares are held by the President of India
and remaining 43.75% shares are held by financial institutions, banks, mutual funds,
ADR holders, foreign institutional investors and others including individual investors.
MTNL got listed on BSE in 1992 & was given Navratna status in 1997. Shares of MTNL
are listed in Bombay Stock Exchange (BSE), National Stock Exchange (NSE) and
OTCQX.

Indian Public FIIS, NRI, ADR/ GDRs
14.42% OCB 1.63%
1.21%

Govt. of India
56.25%

MF's, UTI, Banks,
FIs, Insurance

Cos., Corporate,
Trust, Clearing

member HUF

26.18 %