State-owned Indian telco BSNL has revealed that it plans to enter into direct talks with Zain to acquire a controlling stake in the Kuwaiti firm if the Vavasi-led consortium fails to clinch a deal, reports TeleGeography. At present, Delhi-based group Vavasi is in exclusive talks with Zain to acquire a 46 percent stake in the mobile group for US$13.7 billion. Vavasi is hoping to collaborate with BSNL, along with sister company MTNL, over the acquisition.
Recommended for You
Be the first to know.
Subscribe to our newsletter today.
You'll gain exclusive access to breaking news, expert analysis, and in-depth features delivered right to your inbox.
Comments