The Cabinet Committee on Economic Affairs (CCEA) on Wednesday cleared a ₹89,047 crore revival package for Bharat Sanchar Nigam Ltd (BSNL), the third such government handout for the state-run telco since 2019. The carrier will use the amount for acquiring spectrum, so that it can begin to offer 4G services within months and 5G services by 2024 across the country.
With this, the total government assistance to India's No. 4 carrier has swelled to ₹3.22 trillion. The government had earlier approved a ₹69,000 crore package in 2019 to revive and stabilize the telecom business, followed by ₹1.64 trillion in July 2022 to improve its balance sheet and expand capex.
The latest package is meant for securing 5G spectrum in the 700 Mhz, 3300 Mhz, 26 Ghz, and 2,500 Mhz bands, which can be used for 4G as well. The air-waves will be given at auction-determined prices plus goods and services tax, which amounts to ₹46,338 crore, ₹26,184 crore, ₹6,564 crore, and ₹9,428 crore for the four bands.
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