The government on Wednesday decided to merge loss-making telecom firms MTNL and BSNL as part of a revival package that includes raising sovereign bonds, monetising assets and voluntary retirement scheme (VRS) for employees.

from Times of India https://timesofindia.indiatimes.com/business/india-business/mtnl-to-be-mergerd-with-bsnl-says-ravi-shankar-prasad/articleshow/71722379.cms