Sunday 13 July 2014

India's BSNL puts Zain acquisition on hold

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 telcos not serious about Zain bid

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


Indian firms 'doing due diligence for Zain'

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 telecos yet to decide on Zain deal

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


Zain deal: More questions than answers

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

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