Govt planning to delist MTNL to merge with BSNL: Report

Government is reportedly attempting to merge state-owned Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL). "We expect to complete the merger by the end of next year but before that we need to delist MTNL from the stock exchanges," an official told Economic Times. Centre has reportedly appointed audit and consulting firm Deloitte as the transaction advisor.