Posts Tagged ‘Tigo’

Bharat Sanchar Nigam Ltd (BSNL)’s Global Reach

Bharat-Sanchar-Nigam-Ltd-bsnl-deepika

When it comes to making money out of its Indian operations, Bharat Sanchar Nigam Ltd (BSNL) might be in trouble, but that”s not preventing the company from dreaming big on its global foray. However, the national telecom operator is ready to step out of India with a Rs 37,000 crore war chest the company is looking aggressively to make some foreign acquisitions.

In addition, BSNL has already bid for Tigo in Sri Lanka and the next frontier is Africa while the company is open to acquisition of companies as well as new licenses and is close to an acquisition in Kenya.

On the other hand, BSNL has also been approached to buy stake in Zain telecom but even as the government-owned firm looks at buying companies abroad, it is reported to be in talks for selling stake to a foreign partner. However, it is also looking to tie up with international players like NTT Do Co Mo and British Telecom for enterprise services.