BSNL said to be mulling $10 billion IPO

India telco Bharat Sanchar Nigam, Ltd (BSNL) is considering filing for an initial public stock offering that would be worth around $10 billion, according to local reports augmented by analysis at Light Reading. The dollar value of the potential offering represents about 10 percent of the total market value (that's right: $100 billion) of India largest operator of wireline and wireless facilities. The carrier has about 70 million total subscribers. BSNL has watched other Indian carriers go public as the global finance world has become infatuated with India as the next big bull market (yes, there are apparently a few left).

For more:
- read this story at Light Reading

Suggested Articles

Crosslake Fibre is tapping into Ciena's optical technology and software to help build its 1,500-kilometer cable between New York City and Toronto.

Windstream Enterprises has expanded its SD-WAN horizon with an additional solution backed by Fortinet.

The LF AI Foundation has dropped its second software release for its Acumos project, which includes a new licensing framework and partner catalogs.