State-owned telcos, BSNL and MTNL, will not see any turnaround this fiscal and will continue to bleed with falling revenues and wider losses, the companies indicated in their performance reviews with telecom minister Kapil Sibal on November 16.
MTNL, which operates in Delhi and Mumbai, has told Sibal that its losses for the first six months this fiscal has increased to Rs 2,153 crore, up 26% when compared to a loss Rs 1,714 crore for the six months ended September 2011.
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