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India's BSNL has bid for Tigo Millicom Sri Lanka
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<blockquote data-quote="lkdood" data-source="post: 5532977" data-attributes="member: 92282"><p><strong>Indian state-run telecoms firm Bharat Sanchar Nigam Ltd [BSNL.UL] (BSNL) has bid for Millicom's (MICC.O) Sri Lankan operations, the chairman of the Indian firm said on Wednesday.</strong></p><p><strong></strong></p><p><strong></strong> <strong> Chairman Kuldeep Goyal did not provide further details on BSNL's bid. He was asked about whether BSNL had bid at a media conference called for another matter.</strong></p><p></p><p> <strong> Millicom has put its assets in Sri Lanka, Laos and Cambodia up for sale, and expects to complete the deals by the first quarter of 2010.</strong></p><p></p><p> <strong> UAE's Emirates Telecommunications Corp ETEL.AD (Etisalat) on Monday said it had bid for the Sri Lankan assets.</strong></p><p><strong></strong></p><p><strong></strong> <strong> BSNL has said it was open to expanding overseas, and was considering an invitation to join a consortium that is buying a 46 percent stake in Kuwaiti telecoms firm Zain (ZAIN.KW).</strong></p><p></p><p> <strong> Goyal also declined to comment on Zain deal. On Tuesday, he told Reuters it was still under consideration.</strong></p><p><strong></strong></p><p><strong></strong> <strong> BSNL, which has cash reserves of over $6 billion, would need the government's nod to make any big investment.</strong></p><p></p><p></p><p><a href="http://www.reuters.com/article/rbssTechMediaTelecomNews/idUSDEL54612620090916" target="_blank">reuters</a></p></blockquote><p></p>
[QUOTE="lkdood, post: 5532977, member: 92282"] [B]Indian state-run telecoms firm Bharat Sanchar Nigam Ltd [BSNL.UL] (BSNL) has bid for Millicom's (MICC.O) Sri Lankan operations, the chairman of the Indian firm said on Wednesday. [/B] [B] Chairman Kuldeep Goyal did not provide further details on BSNL's bid. He was asked about whether BSNL had bid at a media conference called for another matter.[/B] [B] Millicom has put its assets in Sri Lanka, Laos and Cambodia up for sale, and expects to complete the deals by the first quarter of 2010.[/B] [B] UAE's Emirates Telecommunications Corp ETEL.AD (Etisalat) on Monday said it had bid for the Sri Lankan assets. [/B] [B] BSNL has said it was open to expanding overseas, and was considering an invitation to join a consortium that is buying a 46 percent stake in Kuwaiti telecoms firm Zain (ZAIN.KW).[/B] [B] Goyal also declined to comment on Zain deal. On Tuesday, he told Reuters it was still under consideration. [/B] [B] BSNL, which has cash reserves of over $6 billion, would need the government's nod to make any big investment.[/B] [URL="http://www.reuters.com/article/rbssTechMediaTelecomNews/idUSDEL54612620090916"]reuters[/URL] [/QUOTE]
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