Mahanagar Telephone Nigam Limited — Others, 11-02-2025: News Verification

Mahanagar Telephone Nigam Limited (MTNL) has provided clarification regarding a news report claiming that the Union Cabinet approved a ₹6,000 crore package for 4G expansion, which resulted in a 10% surge in MTNL's shares. The company stated that it has no specific information to confirm this decision, emphasizing that such details are governed by the Government of India's directives and are not disclosed by MTNL. The lack of concrete information may temper investor enthusiasm, reflecting a cautious outlook amid speculative trading movements.