Bharat Sanchar Nigam Chairman: Zain Buy Plan On Hold
NEW DELHI (Dow Jones)--Indian telecommunications company Bharat Sanchar Nigam Ltd. has put on hold a decision to buy a stake in Kuwait's Mobile Telecommunications Co. (ZAIN.KW), Chairman Kuldeep Goyal said Wednesday.
State-run BSNL had been considering a proposal from India's Vavasi Group to participate in a consortium to buy a 46% stake in Zain.
Goyal didn't elaborate.
NEW DELHI (Dow Jones)--Indian telecommunications company Bharat Sanchar Nigam Ltd. has put on hold a decision to buy a stake in Kuwait's Mobile Telecommunications Co. (ZAIN.KW), Chairman Kuldeep Goyal said Wednesday.
State-run BSNL had been considering a proposal from India's Vavasi Group to participate in a consortium to buy a 46% stake in Zain.
Goyal didn't elaborate.