MAHANAGAR TELEPHONE: Contract Dispute w/ M&N Publication Ongoing

Mahanagar Telephone Nigam Ltd. remains in dispute with M&N Publication over claims arising out of contracts for the printing of telephone directories for Delhi and Mumbai.

In 1998, M&N Publication made claims for INR5.415 million against the Company.

Each of these claims…

MAHANAGAR TELEPHONE: Contesting CIT India’s Tax Payment Demands

Mahanagar Telephone Nigam Ltd. continues to contest the Central Income Tax Authority of India’s demand for payment of taxes on increased taxable income due to disallowed license fees.

The CIT had historically disallowed the license fee paid by the Company…

MAHANAGAR TELEPHONE: Contesting CIT Taxes on Fund Contributions

Mahanagar Telephone Nigam Ltd. is contesting the additional income tax demanded by the Central Income Tax Authority of India relating to the General Provident Fund contributions.

General Provident Fund is a scheme applicable to the Company’s employees who have opted for…

MAHANAGAR TELEPHONE: Ordinary Course Lawsuits Amount to INR2.4B

Mahanagar Telephone Nigam Ltd. is involved in lawsuits and claims amounting to INR2.438 billion pending at various authorities, which arise in the ordinary course of the business.

According to the Company’s latest Quarterly Report filed with the U.S. Securities and…

MAHANAGAR TELEPHONE: Still Faces INR1B Mumbai Sales Tax Demand

Mahanagar Telephone Nigam Ltd., in its annual report on Form 20-F dated Sept. 25, 2008, disclosed that the outstanding amount of sales tax payments demanded by the state government of Maharashtra pertaining to Mumbai is INR1.099 billion.

The Company has received…

MAHANAGAR TELEPHONE: Disputes DOT’s Claim for Late Contributions

Mahanagar Telephone Nigam Ltd. is contesting the Department of Telecommunications’ INR1.738 billion claim for delayed payment of the Leave Salary and Pension Contributions.

On the formation of the Company, employees were deputed to the Company on deemed deputation status from DOT…

MAHANAGAR TELEPHONE: Defends Alcatel Claims Over Supply Contract

Mahanagar Telephone Nigam Ltd. defends against Alcatel’s claims stemming from a contract for supply of digital local telephone exchange equipment.

In the year 2004 to 2005, Alcatel brought claims aggregating to INR137.19 million against the Company.

The claims include claims…

MAHANAGAR TELEPHONE: Still Faces CMC’s INR548Mil Rental Claims

Mahanagar Telephone Nigam Ltd. faces about INR548.70 million in claims made by CMC Ltd. in connection with the rental charged by the Company for its close user group (CUG) services.

These claims arise out of usage of leased circuits for…

MAHANAGAR TELEPHONE: Still Faces Claims by PRM Service Providers

Mahanagar Telephone Nigam Ltd. faces claims aggregating INR366.39 million from Premium (PRM) service providers WorldPhone Pvt. Ltd., Voice Infotech, and ITC Ltd.

These claims arise from the contract for PRM services, which were started in the year 1999-2000.

The Company…

MAHANAGAR TEL: Pursuing Interconnection Charges Claims v. BSNL

Mahanagar Telephone Nigam Ltd., during the year ended March 31, 2008, raised claims against Bharat Sanchar Nigam Limited (BSNL), for duct charges amounting to INR515 million and tax usage charges totaling INR546 million.

In accordance with the Inter Connect Usages…

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