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Moneycontrol » News Center » Business » Business
BSNL to go direct to Zain if consortium talks fail
Published on Fri, Nov 06, 2009 at 19:00   |  Updated at Fri, Nov 06, 2009 at 19:57  |  Source : Reuters
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Bharti Sanchar Nigam Ltd said on Friday it would directly engage Kuwait's Zain for purchasing a stake if talks by a consortium the Indian firm is part of fail.

BSNL, along with Mahanagar Telephone Nigam Ltd, a smaller state firm, are part of a group led by little known Indian company Vavasi, which aims to take a 46 percent holding in the Kuwaiti firm.

Chairman Kuldeep Goyal said if BSNL had to go directly, it would take MTNL along with it.

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