January 10th, 2014 3:28 AM 26 COMMENTS

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

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. BSNL 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... Read More

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