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The Cabinet has given approval to extending financial support of ₹169.16 crore to BSNL and ₹458.04 crore to MTNL – totalling ₹627.20 crore on surrender of 800 MHz CDMA carriers in few of their circles.
These are four licensed service areas of BSNL (one carrier of 1.25 MHz each ) and MTNL in Delhi and Mumbai (two carriers of 1.25 MHz each).
There has been a gain for the government as the sale of this spectrum for 20 years has yielded a revenue of ₹3,997.61 crore to the government, which otherwise would not have been available in case the spectrum was not put to auction.
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