New Delhi, Feb 14 (PTI) State-owned MTNL on Friday said its consolidated loss widened to Rs 1065.32 crore in the third quarter ended December 31.

The company has posted a net loss of Rs 830.89 crore in the same period a year ago.

The total revenue of MTNL declined by about 14 per cent to Rs 624.9 crore during the reported quarter, compared to Rs 723.63 crore in the same quarter of 2018-19, the company said in a BSE filing.

However, employees cost of MTNL during the reported period stood at Rs 755.48 crore.

During the quarter, 14,387 employees opted for voluntary retirement scheme and the expenditure of ex-gratia on account of compensation will be borne by the government through budgetary support.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)