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Monday, November 28, 2016

BSNL seeks 5 MHz block on 700 MHz band through equity route: Report

State-run telecom operator Bharat Shanchar Nigam Limited (BSNL) has finally reached out to the country’s telecom department (DoT) for the super premium 700 MHz spectrum for rolling out 4G services. The ailing telecom operator, which recently launched trials of 4G services using 2500 MHz band, is now seeking 5 MHz block on 700 MHz band through equity route, BSNL CMD Anupam Shrivastava told PTI.
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BSNL, which is a 100 per cent government of India Public Sector Undertaking (PSU), has proposed that the spectrum could be assigned, in lieu of the government raising its equity in the corporation. The development comes weeks after the 700 MHz spectrum went unsold in India’s biggest auction due to exorbitant pricing by the government at a reserve or base price of Rs 11,485 crore per MHz. T band was put up for sale for the first time.

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