India Won’t See Any New PSUs in the Telecom Sector
The public sector units (PSU) in the telecom sector will be limited to Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL), at least for the foreseeable future. Recently, Vodafone Idea and Tata Teleservices accepted the option of converting their statutory liabilities into equity for the government. With Vodafone Idea, the government is expected to become the largest equity shareholder in the company post equity conversion. This got... Read More