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BSNL not part of group for Zain buy

Published on Mon, Nov 23, 2009 at 16:41 |  Source : Reuters

Updated at Mon, Nov 23, 2009 at 16:50  

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BSNL not part of group for Zain buy

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Bharat Sanchar Nigam and Mahanagar Telephone Nigam have not joined a consortium seeking to acquire Kuwait's Zain, Junior Telecoms Minister Gurudas Kamath told parliament on Monday.

Kamath's answer was in a written reply to a question submitted in parliament.

BSNL and MTNL have been considering partnering India's little-known Vavasi Group and Malaysian billionaire Syed Mokhtar al-Bukhary to take a 46% stake in Zain.

BSNL Chairman Kuldeep Goyal has said the firm would directly open negotiations with Zain to take the stake if the consortium's exclusive talks fell through.

  

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