December 21, 2014 4:44 PM ET

IT Services

Company Overview of Millennium Telecom Ltd.

Company Overview

Millennium Telecom Limited does not have significant operations. It intends to provide turn key solutions in the areas of infrastructure sharing; and data centre outsourcing application, including web hosting, cloud computing, etc. in response to various tenders in central governments/state governments/PSUs/banks/private corporates, etc., as well as directly on GFR basis. The company was incorporated in 2000 and is based in Mumbai, India. Millennium Telecom Limited operates as a subsidiary of Mahanagar Telephone Nigam Limited.

Telephone House

15th Floor

V.S. Marg

Dadar (West)

Mumbai,  400028

India

Founded in 2000

Key Executives for Millennium Telecom Ltd.

Chairman and Managing Director
Age: 60
Chief Operating Officer
Director of Technical and Director
Compliance Officer and Company Secretary
Age: 51
Director of HR and Director
Age: 61
Compensation as of Fiscal Year 2014.

Millennium Telecom Ltd. Key Developments

MTNL To Sell Millennium Telecom To BSNL

Mahanagar Telephone Nigam Limited (BSE:500108) (MTNL) to sell its 50% stake in Millenium Telecom Ltd to Bharat Sanchar Nigam Ltd. (BSNL). Director MTNl said, "We've offered a 50 per cent stake in our subsidiary to BSNL as we believe Millennium with its reduced tax burden will be more competitive than either its parent or BSNL to deliver low-cost citizens' services." MTNL said in a internal presentation to Rakesh Garg, Telecom Secretary that "it is in the company's and BSNL's long-term interest to develop MTL as an equally owned enterprise business company" for delivering citizen services under the Digital India project, which can put both struggling telecom companies." A top BSNL executive said "the company is evaluating MTNL's stake offer in MTL." MTNL said it had communicated the internal valuation of its 50 per cent stake in Millennium Telecom to BSNL, but declined to provide details.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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