Advertisement


Advertisement

Thread Rating:
  • 5 Vote(s) - 4 Average
  • 1
  • 2
  • 3
  • 4
  • 5
BSNL eyeing overseas acquisition of telcos
Advertisement
#1
After MTNL’s foray into Nepal and Mauritius, now its bigger counterpart BSNL is eying acquisitions of telecom companies abroad to get foothold in the global market.

“We are looking at expanding our business overseas through acquisitions of telecom companies abroad,” company’s CMD Kuldeep Goyal told PTI. He said the criteria of acquiring a company would depend on the due diligence undertaken by it but its strategy is going to both organic and inorganic growth to drive revenues.

Goyal said BSNL’s Articles of Association empower it to go for bidding of telecom licences abroad and acquire companies if they fit into its growth parametres synergistically apart from the right valuations. BSNL along with TCIL may bid for telecom licence in Tunisia, he added

Analysts said high competition, fall in earnings and expectations of a growing global telephony market is leading company to other geographies. As for BSNL, it is the capacity utilisation that lies unused, while the stress is to gain the first-mover advantage in newer geographies, they said.

MTNL already operates in Mauritius and Nepal. Recently, it lost in a number of bidding process in many countries like Saudi Arabia and Kenya.

Reply
Thanks given by:
Advertisement
Advertisement




Possibly Related Threads...
Thread Author Replies Views Last Post
  General News: BSNL launches Rs 399 recharge plan with 1GB daily data and 80 days validity nairrk 0 56 Yesterday, 02:03 PM
Last Post: nairrk
  General News: BSNL extends 6 paise cashback till August 31, increases fixed monthly charges.. nairrk 0 104 07-28-2020, 02:12 PM
Last Post: nairrk
  General News: BSNL rationalises several prepaid plans to base tariff of Rs 94 and Rs 95 nairrk 0 147 07-23-2020, 03:05 PM
Last Post: nairrk
  General News: BSNL users can now line up their ppd plans in advance with Multiple Recharge Facility nairrk 0 162 07-11-2020, 01:48 PM
Last Post: nairrk
  General News: BSNL launches Rs 94 and Rs 95 prepaid plans with 3GB data nairrk 0 105 07-07-2020, 03:37 PM
Last Post: nairrk
  General News: BSNL Rs 599 prepaid recharge plan announced with 5GB daily data nairrk 0 145 07-06-2020, 06:27 PM
Last Post: nairrk
  Update: BSNL extends Work@Home broadband plan, 6 paise cashback offer again,.. nairrk 0 125 07-03-2020, 06:44 PM
Last Post: nairrk
  General News: BSNL introduces 2399 long-term prepaid plan, Rs 149 and Rs 725 plan discontinued nairrk 0 123 07-02-2020, 06:20 PM
Last Post: nairrk
  General News: BSNL offers 3G plans with 4G speeds in select circles nairrk 0 132 06-30-2020, 12:54 PM
Last Post: nairrk
  General News: BSNL is reportedly offering up to Rs. 50 talktime as loan to prepaid users nairrk 0 149 06-19-2020, 07:30 AM
Last Post: nairrk

Forum Jump:


Users browsing this thread: 1 Guest(s)
Advertisement