Wednesday, January 19, 2005

Telecom: BSNL-MTNL merger may miss 'deadline'

The merger of Bharat Sanchar Nigam (BSNL) and Mahanagar Telephone Nigam (MTNL) could be delayed beyond the government’s target date of mid-’05 since various options being considered, including an IPO by BSNL before the merger, might prove to be time-consuming.

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“Whichever route for the merger is adopted, it appears that the merger will take at least six months to a year,” sources added.

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