Indian state-run telecoms firm Bharat Sanchar Nigam Ltd (BSNL) has put on hold its plan to acquire a stake in Kuwaiti mobile telephone operator Zain, BSNL chairman Kuldeep Goyal said on Wednesday.
Shares in Zain, the largest listed company
Indian state telecoms Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) are not seriously considering to join a consortium that is seeking a stake in Kuwait's Zain, Junior Telecoms Minister Gurudas Kamath told parliament
India's Bharat Sanchar Nigam (BSNL) and Mahanagar Telephone Nigam (MTNL) are undertaking due diligence to buy a stake in Zain, the Indian ambassador to Kuwait said in remarks published on Saturday.
Last week, the two state-run firms sa
Indian telecoms Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam (MTNL) said on Wednesday they had not decided on whether to join a consortium that is buying a 46 per cent stake in Kuwaiti telecom Zain.
The state-run firms
Even after a news conference gave out names of the buyers planning to purchase a 46 percent stake in Kuwaiti telecom Zain, questions still surround the $13.7 billion deal.
Any large acquisition comes with uncertainties, but rarely does a d