BSNL to go public when ‘market is conducive’

BSNL to go public when ‘market is conducive’
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First Published: Thu, Jul 23 2009. 11 42 PM IST
Updated: Thu, Jul 23 2009. 11 42 PM IST
New Delhi: The sale of shares in Bharat Sanchar Nigam Ltd (BSNL), India’s biggest state-owned telephone company, will take place when market conditions are conducive, said junior communications minister Sachin Pilot.
India is looking to sell a 10% stake each in BSNL and Telecommunications Consultants India Ltd through initial public offerings, telecommunications secretary Siddhartha Behura said on Thursday.
Separately, a ministerial panel will meet on 31 July to decide on the auction of licenses for third-generation, or 3G, wireless spectrum, Behura said. The reserve price for the auction will also be decided by the panel, he said. Behura said that “India is likely to implement mobile number portability by the end of the year”.
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First Published: Thu, Jul 23 2009. 11 42 PM IST