New Delhi: 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 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. This key legal issue was needed to be cleared before the cabinet could take the proposal, said sources.
BSNL and MTNL being PSUs dont participate in spectrum auction. But they pay the highest bidder price for the spectrum they are seeking to obtain.
The funds infusion in both BSNL and MTNL will be through bonds as has been the case of PSU bank recapitalisations. (IANS)
