The Company is the principal provider of fixed-line and other basic telecommunications services in Delhi and Mumbai. It also provides internet and cellular services in both Delhi and Mumbai.
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MTE has huge land in Mumbai and Delhi. The more loss it makes, the better it is as the government would have to restructure it at the earliest and unlock its value. Its book value is $8.31 and it is available at $3.16 ! It is not like other fradulant companies from India who would declare enormous cash and would have nothing. It is government owned and there are several examples of Indian Government owned companies multiplying 10 times when re-structured. It should not be looked at for telecom business. It is Indias biggest realty story!