Cabinet allows, BSNL, MTNL to return 4G spectrum

NEW DELHI Fri Jan 10, 2014 1:54am IST

Telecommunication towers are pictured through hanging flower pots at a residential building in Kolkata December 11, 2012. REUTERS/Rupak De Chowdhuri/Files

Telecommunication towers are pictured through hanging flower pots at a residential building in Kolkata December 11, 2012.

Credit: Reuters/Rupak De Chowdhuri/Files

Related Topics

Stocks

   

NEW DELHI (Reuters) - The Union Cabinet allowed state-run telecommunications carriers Bharat Sanchar Nigam Ltd BSNL.UL and Mahanagar Telephone Nigam Ltd (MTNL.NS) to return their 4G radio spectrum and get refunds of a total 112.6 billion rupees, in a move to help the money-losing companies.

The government will refund 67.24 billion rupees to BSNL and 45.34 billion rupees to MTNL in a staggered manner, Information and Broadcasting Minister Manish Tewari told reporters on Thursday after a meeting of the cabinet.

BSNL and MTNL had received the spectrum in 2010 but have not yet launched the services.

(Reporting by C.K. Nayak; editing by Malini Menon)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Jaitley's Health

Jaitley's Health

Finance minister back in hospital for check-up.  Full Article 

Modi's U.S. Visit

Modi's U.S. Visit

Modi to observe strict fast during maiden trip to U.S.  Full Article 

Mangalyaan

Mangalyaan

India's Mars mission a step closer to success with engine test  Full Article 

Shortage of Coal

Shortage of Coal

Coal import rush leads to port congestion  Full Article 

Alibaba IPO

Alibaba IPO

IPO ranks as world's biggest after additional shares sold   Full Article 

Asian Games 2014

Asian Games 2014

Full coverage of the 17th Asian Games as Incheon.  Full Coverage 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage