Bharat Sanchar Nigam Ltd, the state-owned telecom company has received approval from the Department of Telecommunication or DoT. DoT has approved the launch of its 4G services across India. the details of the project report of BSNL was submitted by the telecom company in 2017.
BSNL sought Rs. 6,652 Cr in a bid that was to gain spectrum of Rs. 13,885 Cr. While BSNL generates profit over the period of a decade, it wanted the money as a stock investment from the Government of India. Thus, it will be able to meet the requirements for offering 4G service.
On the other hand, the Telecom Commission has got a recommendation from an inter-minister group or IMG. Therefore, the highest telecom regulatory body that is responsible for making the policies has brought a change. Telecom Commission has allowed delaying the time of payments related to the spectrum from 10 years to 16 years.
Therefore, BSNL plans to revise the installments to 16 years as well. the chairman of the state-owned telecom company has confirmed that the proposal of running 4G service has been approved by DoT. Hence, the company will soon be launching LTE services across the country.
The Telecom Minister of India has emphasized to complete the process within 80 days so that the power supply unit of telecom services can get the airwaves faster.
The analysts assume that as BSNL is entering the already competitive market, the competition among the telecom companies will increase further. The state-owned telecom company will offer affordable tariffs for the users to attract them.