A Group of Ministers, GoM, on revival of BSNL and MTNL on Thursday decided to refund the money paid by the state-run players for surrendering Broadband Wireless Access (BWA) spectrum worth more than Rs. 11,000 crore.The GoM, headed by Finance Minister P Chidambaram, also took a decision on providing pension to MTNL employees, which is likely to cost about Rs. 570 crore a year.Telecom Minister Kapil Sibal told reporters in New Delhi, that the decision will now be taken to the Cabinet for approval.The government had given the spectrum to both companies, which paid auction prices for the airwaves.
News On AIR | September 12, 2013 9:12 PM
GoM approves Rs 11,000-crore refund to BSNL, MTNL for returning BWA spectrum <br/>