Thursday, July 24, 2008

BSNL IPO

The government has initiated steps to put state-owned telecom major BSNL`s proposed USD 10 billion listing back on track

The company is expecting to raise Rs 40 billion by selling a 10% stake. This would value the telco at approximately around USD 100 billion.

Bharti Airtel is having valuation of USD 37 billion


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