New Delhi (ANTARA News/Asia Pulse) - Inching closer to its first ever global buyout, India's state-owned BSNL has entered the second round of bidding to acquire a majority stake in Zambia's leading telecom company Zambia Telecommunications Ltd (Zamtel).

"All the four companies that submitted the first round bids on December 23, 2009, for up to 75 per cent stake in Zamtel have successfully gone to the second round of bidding," Zambia Development Agency (ZDA), an official agency promoting economic growth and development, said.

When contacted BSNL chairman and managing director Kuldeep Goyal said "...we had participated, now selected, we shall see and go forward from here."


Source:
Business in Asia Today - Jan 14, 2010
published by Asia Pulse

Editor: Ricka
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