Finance Ministry unconvinced about BSNL 4G allocation plan

NEW DELHI: The Department of Telecom’s (DoT) proposal to allocate 4G Spectrum worth Rs 13,885 crore to Bharat Sanchar Nigam Ltd (BSNL) has not gone down well with the Union Ministry of Finance, which is not in favour of allocating 4G Spectrum to the state-run telco in lieu of preferential equities to the government.

BSNL, which operates telecom services all across India except in Delhi and Mumbai, has requested 5 MHz of 4G Spectrum on the 2,100 MHz band. It has already sent an approved proposal to DoT in this regard.

The estimated cost of the spectrum is Rs 13,885 crore and BSNL proposes 50 per cent payment to be done upfront and the remaining in 10 equal instalments.

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