JOINT
VENTURES & SUBSIDIARIES
1.
Millennium
Telecom Ltd. (MTL):
Millennium
Telecom Ltd.(MTL) a wholly owned
subsidiary of MTNL with registered office located in Mumbai was incorporated in
February 2000. After cancellation of the Sub-marine Cable Project Tender, the
Board of MTL decided to enter into new line of business and started exploring
the new different business prospects viz., Infrastructure Sharing, Data Centre
Outsourcing Application including Web Hosting, Cloud computing etc., Providing
Turn Key Solution in response to Various Tenders in Central Govts./State Govts./PSU/Banks/
Private Corporate etc. or directly on GFR basis.
Business
cases like providing Broad Band services in Wi-fi environment, leasing out spare
optical fibre capacity, sharing spare CDMA Switch capacity to other operators is
under process. MTL is also exploring the possibility of forming Joint Venture
(JV)/Collaboration and making Telecom partners through Eols and also signing of
MoUs for this purpose.
2.
United
Telecom Limited (UTL):
UTL
is a joint venture company of MTNL (26.68%), Tata Communications Limited
(26.66%) and TCIL (26.66%) along with partner Nepal Ventures (P) Limited (NVPL)
(20%). The company provides basic, Mobile, NLD, ILD and data services in
Nepal
. The
Company is operational since 10th October, 2001 with initial offerings of WLL
based basic services in
Nepal
. The company has set up CDMA
1X EVDO infrastructure to cater to growing data and VAS needs of its customers
in
Nepal
. The company has also launched RUIM cards for its CDMA subscribers to have
better control over fault rates. UTL network has its presence in 36 districts
(out of 75 districts in
Nepal
).
The
present paid up equity capital of the company is INRs. 1,945 Mn. The Turnover of
the company for FY 2009-10 is around INRs 1,058.55 Millions and Profit After Tax
(PAT) is around INRs. 0.54 Millions. UTL
has achieved the customer base of 611668. UTL has contributed in expansion of
the telecom sector & towards GDP of the country. During the period ending
31st March 2011 (2010-2011), the company has reported a net profit of INR
73,456,410.
3.
MTNL-STPI
IT Services (MSITS):
MTNL-STPI
IT Services Ltd. is a 50:50 Joint Venture between Software Technology Parks of
India (STPI) and Mahanagar Telephone Nigam Limited, (MTNL). The JV formed in
2006 combines the STPI’s rich experience as an ISP and MTNL’s track record
of being
India
’s leading telecom operating company to offer niche portal services to the
Indian community. The JV aims to provide exclusive data center services,
messaging services, business application services to the identified sectors of
economic activity and thereby also popularizing the .in domain in the
networked community across the world.
4.
Mahanagar
Telephone Mauritius Limited (MTML):
MTML a 100% subsidiary company of MTNL was incorporated as a private domestic
company in November 2003 at
Mauritius
. Registered with Authorized capital of 600Millon
MUR
and paid up capital of 300M at the time of inception. The Authorized capital
was enhanced to
MUR
1500Million in 2009. The paid-up capital of the company is enhanced from INR
854.12 Million to INR 1052 Million. Company Got License from the ICTA (Telecom
regulatory at
Mauritius
) to operate Fixed Wireless Services, Mobile Services, International Long
Distance Services and Internet Services.
110K
capacity switch of CDMA Technology (CDMA 1x and EVDO) is installed in
Port Louis
. 10 Customer care services all over the island and one call centre are
operational to meet the customer requirements. Company is Providing Fixed,
Mobile
, International Long Distance and Internet services to the people of
Mauritius
at most competitive rates. Around $ 20 million have been invested by MTNL in
MTML. MTML is also expanding the capacity of core network upto 310K lines along
with implementation of GSM network in
Mauritius
for 200K lines capacity and replacing 110K core capacity of CDMA 1XEVDO
network. Steps are being taken for implementing international roaming for MTML
Mauritius GSM network.