MTNL gets Rs 429 crore for surrender of 800 MHz spectrum

Mahanagar Telephone Nigam (MTNL) has received Rs 428.95 crore from government for surrendering spectrum in the 800 MHz band, used for providing CDMA mobile services in the country.

The government had approved to compensate MTNL, which telecom service provider in Delhi and Mumbai, for surrender of 800 MHz spectrum for Rs 458.04 crore.

MTNL had reported a narrowed down net loss at Rs 704.93 crore for the quarter ended December 31, 2015.