BSNL may buy stake in Zain Telecom

Last Updated: Thursday, September 24, 2009 - 15:31

New Delhi: BSNL on Thursday said it is not averse to picking up a stake in Kuwait-based Zain Telecom but is yet to take a call on that.

"There was a proposal (to buy stake in Zain) on which we have not taken a decision. We along with MTNL were approached on this. It is a large operator and we will take time to arrive at a decision on this issue," BSNL CMD Kuldeep Goyal told reporters on the sidelines of a CII event here.

"We are not averse to picking up a stake in Zain Telecom. It is still on our radar but we are a bit cautious about Vavasi," Goyal said.

Vavasi group, with interests in telecommunications and renewable energy among others, is reportedly forming a consortium for picking up stake in Zain.

On the BSNL`s GSM network expansion plan, he said price negotiations are going on with the vendor for three zones barring the West.

He said Ericsson is the lowest bidder for North and East zones while Chinese firm Huawei is being considered for the South zone.

Bureau Report



First Published: Thursday, September 24, 2009 - 15:31

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