BSNL has cancelled the equipment purchase order given to Chinese company Huawei saying the conditions imposed by the vendor are not acceptable, leaving the fate of Rs 32,000-crore capacity addition programme in limbo.
The state-run telecom companies--BSNL and MTNL-- have not formed any consortium so far with any other company to bid for Kuwaiti telecom major Zain Telecom, Minister of State for IT and telecom Gurudas Kamat said.
BSNL has favoured a no-cap policy on the number of players in a service area but said if spectrum and licences are bundled together, as is the current practice, then there should be minimum 5 players to ensure fair competition.
Concerned over BSNL`s falling revenues, Prime Minister Manmohan Singh is likely to meet the top brass of the telecom PSU and Communication and IT Minister
A Raja to look into causes and find ways to improve performance.
Coal India and telecoms firm BSNL are the prime candidates to list on Indian bourses under the government`s new rules for selling stakes in state firms, but valuations will have to be tempered to attract investors.
Bharat Sanchar Nigam Ltd and
Mahanagar Telephone Nigam Ltd have expressed interest in
participating in the acquisition of a majority stake in Zain,
Kuwait`s biggest phone company, a Khorafi Group executive said on Sunday.