The capital infusion for 4G spectrum will help the debt-ridden PSUs to compete with private sector players who have rolled out pan-India 4G services.
Both the firms will get Rs 9,889.65 crore cumulatively for ex-gratia payment for voluntarily retiring employees and Rs 3,294.77 crore for implementing voluntary retirement scheme (VRS).
Over 78,300 BSNL employees and 14,378 at MTNL have opted for VRS.
MTNL will also get financial support of Rs 372 crore on account of minimum alternate tax, refund of CDMA spectrum, payment of interest on MTNL Bonds and fiber-to-the-home (FTTH) service.
Besides, state-owned telecom manufacturing unit Indian Telephone Industries Ltd will get fund infusion of Rs 405 crore in the upcoming fiscal year.