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BSNL to approach Zain direct if group talks fail
- Kuwait: Sunday, November 08 - 2009 at 12:03
Bharat Sanchar Nigam Ltd (BSNL), India's state telecoms firm, has said should talks by a consortium of which the Indian firm is a member fail, it would directly engage Kuwait's Zain in order to purchase a stake, Reuters has reported. BSNL, along with Mahanagar Telephone Nigam Ltd (MTNL), a smaller state firm, are part of a group led by Indian company Vavasi, which aims to take a 46% holding in the Kuwaiti firm.
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StaffSunday, November 08 - 2009 at 12:03 UAE local time (GMT+4)
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