BSNL pays BWA spectrum fees of Rs 8,314cr; DoT to slap penalty

Image
Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 12:57 AM IST

State-run Bharat Sanchar Nigam (BSNL) today paid Rs 8,313.8 crore for Broadband Wireless Access (BWA) spectrum, two days after the deadline expired, prompting the government to slap a penalty of Rs 30 crore on the PSU.

With this, the government has got the full Rs 38,543.31 crore from the sale of BWA spectrum.

A senior Department of Telecom (DoT) official said BSNL made the payment on Thursday. BSNL made the payment without any penalty.

DoT official said the issue of paying the penalty would be dealt with later, with DoT planning to raise a demand of Rs 30 crore.

Earlier, BSNL had sought to 5 days' time for making the BWA spectrum payment due to unavailability of funds.

All the other operators who got BWA spectrum, including MTNL, had already paid their dues by June 22, the due date.

"We have asked for a 'few more days' to pay the broadband spectrum fee, as we are in the process of arranging funds. Although we have the required funds, these funds are not liquid at the moment and are all tied up," BSNL CMD Kuldeep Goyal had said.

BSNL had to match the winning pan-India bid -- except for the Delhi and Mumbai circles, which are reserved for MTNL -- under the broadband auction that concluded recently.

State telcos were given both 3G (third generation) and BWA spectrum more than a year ago without participating in the process of auction and were asked to match the winning bids later.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 24 2010 | 8:04 PM IST

Next Story