State run telcos BSNL and MTNL have finally got an approval from the Union Cabinet to surrender their Broadband Wireless Access (BWA) spectrum, in a bid to improve their existing financial condition. In a press briefing, Information & Broadcasting minister Manish Tewari said that this refund is being provided as part of the revival package for telcos and will be done over a period of time. He added that this refund will also help these telcos to meet basic financial commitments such as operation and maintenance of their respective telecom networks. BSNL Surrenders BWA Spectrum in 6 Circles, MTNL Surrenders in 2 BSNL has surrendered BWA spectrum in six of the twenty circles (Gujarat, Maharashtra, Andhra Pradesh, Karnataka, Tamil Nadu and Kolkata) for which it will be receiving a partial refund of 6,724.51 crore while MTNL has surrendered BWA spectrum in both the circles (Mumbai and Delhi), for…
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