DOT plans Cabinet’s approval for 4G spectrum

The Department of Telecom plans to seek the Cabinet’s approval in the next two months for the allocation of spectrum to state-run telecom firms BSNL and MTNL for 4G services, an official source said.

BSNL has sought Rs 6,652 crore as equity infusion from the government to fund its spectrum purchase worth about Rs 13,885 crore, according to information shared by telecom minister Manoj Sinha in Parliament.

MTNL Chairman and Managing Director P K Purwar requested the government to grant it 4G spectrum in lieu of equity worth around Rs 6,500-7,000 crore and extend its mobile licence which is expiring in 2019 till 2021.

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