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Telecom

Cabinet may take up capital infusion in BSNL, MTNL in September

Updated : September 08, 2019 03:01 PM IST

After PSU banks, the government is likely to infuse capital in two chronically ill telecom PSUs, BSNL and MTNL, and the Union Cabinet is likely to take a decision on 4G spectrum allocation to them by the third week of the current month after the Department of Telecommunications (DoT) places the note before it for consideration.
The cabinet could take up the 4G spectrum proposals for these telcos as the legal opinion from the solicitor general has come, giving a green signal to the administrative allocation.
The funds infusion in both BSNL and MTNL will likely be through bonds as has been the case of PSU bank recapitalisations. 
Cabinet may take up capital infusion in BSNL, MTNL in September
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