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BSNL considers buying stake in African operator

BSNL considers buying stake in African operator
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First Published: Sun, Jul 19 2009. 10 53 PM IST
Updated: Sun, Jul 19 2009. 10 53 PM IST
Mumbai: State-run Bharat Sanchar Nigam Ltd, or BSNL, has said it is considering proposals for acquiring a minority stake in an existing telecom operator in Africa.
“We have received proposals. There are various opportunities which are being looked at. However, it is very difficult to give any time limit,” BSNL chairman and managing director Kuldeep Goyal said. “We have not kept any specific cash earmarked for the acquisition. However, we have surplus cash reserves of over Rs37,000 crore which is sufficient to take care of the inorganic and organic growth plans of the company.”
PTI
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MTNL to tie up with handset makers for 3G
New Delhi: With its 3G service failing to evoke adequate response, state-run Mahanagar Telephone Nigam Ltd, or MTNL, is planning to tie up with handset maker to bundle its 3G mobile services in New Delhi and Mumbai. An MTNL official said the PSU has floated an expression of interest seeking offers from the handset makers.
PTI
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First Published: Sun, Jul 19 2009. 10 53 PM IST
More Topics: BSNL | Telecom | MTNL | 3G | Mobile |