Plan IPO to dilute 20% govt stake: Telecom Consultants
Published on Wed, Jul 01, 2009 at 13:40 | Source : CNBC-TV18
Updated at Wed, Jul 01, 2009 at 15:06
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Plan IPO to dilute 20% govt stake: Telecom Consultants
Telecommunication Consultants India Limited (TCIL), a government owned company, said the company is planning an IPO (initial public offering) to dilute 20% government stake, reports CNBC-TV18 quoting NewsWire18.
Telecommunication Consultants India Limited (TCIL), a government-owned company, said it is planning an initial public offering to dilute 20% government stake, reports CNBC-TV18 quoting NewsWire18.
The company is awaiting the Telecom Department nod for the IPO, it said.
As per the company's website, TCIL offers total telecom solutions for projects. TCIL works in almost 45 countries mainly in Middle East Africa, South-East Africa, South-East Asia and Europe.
TCIL is one of the four public sector undertaking companies which are under Department of Telecommunication; others being BSNL, MTNL and ITI.
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