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2008-08-07

Govt looking to list BSNL at 300-400 rupees/shr

bsnl-internet-landline


India is hoping to list state-run telecoms firm Bharat Sanchar Nigam Ltd (BSNL) at 300-400 rupees ($7.2-9.5) a share, but will take a final decision only after discussions with trade unions who oppose the move, Telecoms Minister Andimuthu Raja said on Thursday.


BSNL is India’s top ranked telecoms firm by subscriber numbers but in mobile services lags Bharti Airtel Ltd, Reliance Communications Ltd and Vodafone-controlled Vodafone Essar.


As of end-June, BSNL had nearly 73 million wireless and fixed-line subscribers, slightly ahead of mobile services leader Bharti Airtel which had nearly 72 million users.

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Disclaimer

Ours is an advisory role. The final decision and consequences based on our Information is solely yours. Moreover, in keeping with regulatory guidelines, we do not guarantee any returns on investments. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice.