Finally BSNL and MTNL to get 11K Crore refund for spectrum surrender

By January 10th, 2014 AT 3:28 AM

Finally a big relief for state run operators BSNL and MTNL, the cabinet has decided to refund over Rs 11,000 crore to BSNL and MTNL in return for the BWA spectrum which was returned back in 2010.

BSNLBSNL will now get Rs 6,724.51 crore as refund while MTNL will receive Rs 4,533.97 crore which will be done in staged manner over a period of time. BSNL and MTNL did not take part in the 2010 spectrum auction and had been asked to match the price paid by the successful bidder for the airwaves. Both companies offered to surrender their spectrum and sought refunds of payments made.

BSNL surrendered its spectrum Tamil Nadu, Karnataka, A.P , Gujarat Maharashtra and Kolkata. The proposal was approved by Group of ministers headed by Finance Minister P Chidambaram.

What do you think at this move by the operator has the government delayed this process ? Can this help BSNL and MTNL to come out of the burden what they are facing as a reader what do you think do let us know via comments.

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R.LOGANATHANBP SinghSHIBU K Tanoop ckpravej Recent comment authors
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R.LOGANATHAN
R.LOGANATHAN

Dear,
MY refunded deposit for WI-MAX (TB10018543)is not yet settled,
Already 90 Days are elapsed from my surrender request date.
Please do the need full as required.

Thanks & Regards,
R.Loganathan.

anoop ck
anoop ck

BSNL WIMAX vs RELIANCE 4G Govt OWNED Company vs Govts OWN Company…. The MEGA SCAM … The UPA govt conducted auction for BWA airwaves in 2010 while auctioning 3G spectrum.. At that time 1 Pan INDIA 3G spectrum of 19xx MHz in a block of just 5 MHz fetched an amount of whopping 16741 cr.. no company was there to bid for the whole 22 circles. BSNL got alloted 3g spectrum in all the 20 circles they operate by paying 10187 Cr, for the rest 2 circles MTNL paid Rs 6564 Cr.. u can see the auction details in the… Read more »

BP Singh
BP Singh

thanks Anoop for writing the truth.

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