BSNL considering overseas investment

29 Sep 2008

State-owned operator Bharat Sanchar Nigam Ltd (BSNL) is reportedly eyeing possible investment opportunities in foreign markets, according to Indian news source The Economic Times. The operator is understood to have a cash surplus of over USD10 billion and is considering using the funds to bid for licences in other countries, with the report claiming that the operator is preparing bids for two countries citing a BSNL executive; no countries were specified although it is believed that possible targets may include Egypt, Rwanda, Malawi, Turkey and Iran.

India, Bharat Sanchar Nigam Ltd (BSNL),

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