MoneyWorks4Me

Department of Telecom (DoT) has made a presentation to the Group of Ministers (GoM) regarding refund of Rs 12,846 crore to telephone operators, MTNL and BSNL. The DoT in its presentation indicated that the cash reserves of the PSU firms depleted post the purchase of BWA and 3G spectrum at auction determined price in 2010.

Both the firms jointly shelled out Rs 29,598.35 crore for 3G and BWA airwaves. For 3G services, BSNL was asked to pay Rs 10,186.58 crore and MTNL Rs 6,564 crore.

Peers
Company Name CMP
Bharti Airtel 1832.00
Vodafone Idea 14.96
Indus Towers 387.65
Tata Communications 1763.25
Railtel Corp. India 259.85
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