MTNL has reported its first-quarter earnings, revealing a net loss of ₹773.5 crore, which is an improvement from a loss of ₹851.9 crore year-on-year. The company's revenue declined by 7.8% to ₹183.9 crore compared to ₹199.5 crore in the same period last year. Additionally, MTNL's EBITDA loss stood at ₹150.3 crore, slightly higher than the previous year's loss of ₹150.1 crore. In a strategic move, MTNL's board has approved a 10-year service agreement with BSNL, which is expected to strengthen their collaboration.