| State-owned BSNL (Bharat Sanchar Nigam Limited) broad has proposed to sell 10% stake in the company, which currently is 100% held by the government. This will be done through an initial public offer.
A senior official said the company is aware of union concerns about the sell-off and said any such decision will be taken only after the management discusses the matter with them and approval comes from Department of Telecom (DoT).
Telecom Minister A Raja, said no such proposal has come to him and he has not decided on it, reported Times of India.
BSNL's employee union will meet the management on August 5th to discuss the proposal. X |