Mahanagar Telephone Nigam has informed that Government had approved compensation of Rs 458.04 Crore to MTNL for surrender of 800 MHz CDMA spectrum out of which Rs 428.95 Crore has been sanctioned for disbursal vide DOT letter dated March 28, 2016 and MTNL has received the amount in its account on March 30, 2016.
The above information is a part of company’s filings submitted to BSE.