The Union government is also working on a BSNL Rs 13,000 crore rescue package, which includes a voluntary retirement package of Rs 6,365 crores and a 4G spectrum endowment through a capital infusion of Rs 6,767 crore and monetization of real estate.
Bharat Sanchar Nigam (BSNL) can get the 4G spectrum it was looking for as part of the revival package. The Department of Telecommunications (DoT) is believed to have confirmed the proposal to allocate airwaves to the telecommunications company in the public sector, in addition to giving in to other company requests.
It is known that the company will be assigned the liberalized spectrum in the 2100 megahertz band of the market premium and will be asked to match the determined auction price in the near future. However, the company had declared that it wanted the 4G spectrum through a 50% capital infusion and the 50% market price that was to be determined by the 2015 auctions.
"BSNL will receive 4g waves at the market price and will be asked to review the same price after the next 5G auction. The spectrum will be assigned by the 2100 megahertz band previously assigned for 3G, but then liberalized," said a DOT official. .
To make a decision on the assignment of the 4G spectrum, the DoT requested the opinion of the Regulatory Authority for Telecommunications of India (TRAI), which stated that the final decision was of the central government.
As part of the recovery package, BSNL can also get relief in the form of a voluntary retirement scheme (VRS), but regardless of the salary review requested by the company.
BSNL deals with financial problems and sought the intervention of the telecommunications department.
The telecommunications company wants permission to rent their land (it has about 7,500 open spaces in the country with an approximate rating of Rs 70,000 crore) to other units in the central public sector, instead of selling them.
The Union government is also working on a BSNL Rs 13,000 crore rescue package, which includes a voluntary retirement package of Rs 6,365 crores and a 4G spectrum endowment through a capital infusion of Rs 6,767 crore and monetization of real estate.
The debt of BSNL is Rs 13,500 crore, while that of the telecommunications sector is Rs 6.1 trillion. The proposal in question will soon be sent to the Council of Ministers for approval.
Both State owned teleco's BSNL and Mahanagar Telephone Nigam Limited, presented their plans to take the government into a series of measures to ensure that the two companies return to normal functioning.
"BSNL will receive 4g waves at the market price and will be asked to review the same price after the next 5G auction. The spectrum will be assigned by the 2100 megahertz band previously assigned for 3G, but then liberalized," said a DOT official. .
To make a decision on the assignment of the 4G spectrum, the DoT requested the opinion of the Regulatory Authority for Telecommunications of India (TRAI), which stated that the final decision was of the central government.
As part of the recovery package, BSNL can also get relief in the form of a voluntary retirement scheme (VRS), but regardless of the salary review requested by the company.
BSNL deals with financial problems and sought the intervention of the telecommunications department.
The telecommunications company wants permission to rent their land (it has about 7,500 open spaces in the country with an approximate rating of Rs 70,000 crore) to other units in the central public sector, instead of selling them.
The Union government is also working on a BSNL Rs 13,000 crore rescue package, which includes a voluntary retirement package of Rs 6,365 crores and a 4G spectrum endowment through a capital infusion of Rs 6,767 crore and monetization of real estate.
The debt of BSNL is Rs 13,500 crore, while that of the telecommunications sector is Rs 6.1 trillion. The proposal in question will soon be sent to the Council of Ministers for approval.
Both State owned teleco's BSNL and Mahanagar Telephone Nigam Limited, presented their plans to take the government into a series of measures to ensure that the two companies return to normal functioning.
