Bharat Sanchar Nigam Limited has got two Mhz of additional spectrum from Department of Telecom to support its growing mobile subscriber base in the country.
The PSU is planning to convert Rs 3,000 crore (Rs 30-billion) loan into long term debt.
The public sector unit had borrowed Rs 7,500 crore (Rs 75 billion) in the last one month to pay the government for acquiring 3G and Broadband Wireless Access spectrum in the two metros of Delhi and Mumbai.
The decision is likely to bring additional amount of about Rs 1,500 crore or Rs 15 billion (including interest) in the books of MTNL as refund from government for the pension that the PSU paid to its employees.