MTNL shares gain on 4G spectrum refund

Cabinet allowed the company to return its 4G radio spectrum and get refunds totalling Rs 4,534 crore, in a move to help the money-losing company.

January 10, 2014 / 12:38 IST

26 Aug, 2025 12:21

Volume

Todays L/H

State-run Mahanagar Telephone Nigam gains 2.6 percent after federal cabinet allowed the company to return its 4G radio spectrum and get refunds totalling Rs 4,534 crore, in a move to help the money-losing company.

The government will refund MTNL in a staggered manner, Information and Broadcasting Minister Manish Tewari told reporters on Thursday after a meeting of the cabinet.

first published: Jan 10, 2014 12:38 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347