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This is an archive article published on December 2, 2009

Zain acquisition plan on hold: BSNL

BSNL has put on hold its plan to acquire 46 per cent stake in Kuwaiti telecoms firm Zain.

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Bharat Sanchar Nigam Ltd has put on hold its plan to acquire a stake in Kuwaiti telecoms firm Zain,BSNL Chairman Kuldeep Goyal said on Wednesday.

BSNL and state-run Mahanagar Telephone Nigam Ltd have been considering partnering India8217;s little-known Vavasi Group and Malaysian billionaire Syed Mokhtar al-Bukhary to take a 46 per cent stake in Zain.

 

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