Mon, Jul 6 09:19 AM
Bharat Sanchar Nigam Ltd (BSNL) is ready to offer a stake to a foreign telecom firm if its
proposed IPO does not go through, the Business Standard reported, citing the state-owned
firm's chairman.
BSNL's board had last year approved divesting a 10 percent stake through an initial public
offering, which was seen raising up to $10 billion. But opposition from its employee unions
forced it to shelve the plan.
"Foreign partners definitely bring in some expertise that will help the company improve its
performance," the paper quoted BSNL Chairman Kuldeep Goyal as saying.
source
:http://in.news.yahoo.com/137/20090706/744/tbs-bsnl-open-to-offer-stake-to-foreign.html
Bharat Sanchar Nigam Ltd (BSNL) is ready to offer a stake to a foreign telecom firm if its
proposed IPO does not go through, the Business Standard reported, citing the state-owned
firm's chairman.
BSNL's board had last year approved divesting a 10 percent stake through an initial public
offering, which was seen raising up to $10 billion. But opposition from its employee unions
forced it to shelve the plan.
"Foreign partners definitely bring in some expertise that will help the company improve its
performance," the paper quoted BSNL Chairman Kuldeep Goyal as saying.
source
:http://in.news.yahoo.com/137/20090706/744/tbs-bsnl-open-to-offer-stake-to-foreign.html
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