By June 2nd, 2009 AT 6:37 AM

telecom-ministerTelecom minister A Raja virtually ruled out the BSNL-MTNL merger saying it is difficult due to the lack of an identical factor between them.Identical factors are not there legally for BSNL-MTNL merger Raja said the minister who assumed charge on Monday however said the department was keen on the listing of BSNL and advised PSU management to start talks with the employees union for taking the company public.

The union has been opposing the listing. Late communication minister Pramod Mahajan had proposed the merger and was revived by Raja’s predecessor Dayanidhi Maran for synergy purpose. The government holds 56.25% in MTNL and it is listed in NYSE and in India. BSNL is 100% owned by the government. MTNL provides telecom services in Delhi and Mumbai, while BSNL serves the rest of India.

On plans to list BSNL in the bourses, Raja said the management has been advised to initiate talks with the employees union. “We want to list BSNL… We want to create a consensus for it. We have asked the BSNL management to talk to the union’’, raja said. Estimates suggest that BSNL is worth $100 billion and dilution of a 10% stake would help the company raise $10 billion (about Rs 48,000 crore).

Leave a Reply

Photo and Image Files
3 Comment threads
0 Thread replies
Most reacted comment
Hottest comment thread
2 Comment authors
Biswasemad Recent comment authors
newest oldest most voted

raja minds only mobile telephony, wat abt Broadband sector, Maran made BSNL best in BB sector that time, 2Mbps BB for home users! but after that all private ISPs came up to the level ! and BSNL stopped its race ! and EMAD , jst stop shouting “raja is good”


haha ! joke of the decade !

Recent Posts

OnePlus Starts Seeding OxygenOS Open Beta Update With Screen Recorder for OnePlus 6 and 6T

If there is one thing that the OnePlus users can rely upon from the company it is the software updates....

Trai Invites Consultation on Allocation of 700 MHz Spectrum to Railways Jeopardising Rs 1 Lakh Crore Revenue

The Telecom Regulatory Authority of India (Trai) has sought views of the industry stakeholders on whether or not it should...

Oppo to Launch In-Display Camera Smartphone on June 26

Chinese smartphone manufacturer Oppo is all set to launch its new smartphone with in-display camera technology on June 26 during...