MTNL seeks refund of 3G, BWA licence fee

NEW DELHI, INDIA: Indian state-run telecom operator Mahanagar Telephone Nigam Ltd has sought a refund of the licence fee it paid for 3G and broadband spectrum, its chairman Kuldip Singh told reporters on Wednesday.

Cash-crunched MTNL had taken loans pay the  licence fees for 3G and BWA spectrum. While it has taken a loan of Rs 4533.97 crore to pay for the BWA spectrum, the telecom company had earlier taken Rs 2500 crore from Axis Bank to pay for the 3G spectrum.