Profit

BSNL faces hurdles on IPO path

PUBLISHED ON: June 9, 2008 | Duration: 1 min, 46 sec

   
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India's largest telecom operator, the state owned BSNL's much talked about IPO to raise no less than $10 billion, is on the back burner thanks to the opposition by the unions. The unions have not only opposed the IPO process but they have also rejected reports of a successful dialogue with the management. But BSNL's CMD Kuldeep Goyal knows it is important to win them over, however, for now he prefers to keep quiet.
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