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Article: BUSINESS IN ASIA TODAY - JUNE 30, 2009.
- Article from:
- AsiaPulse News
- Article date:
- June 30, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business in Asia on June 30, 2009. A summary prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, market intelligence and business opportunities:
INDIA'S BSNL EYES FOREIGN PARTNER TO REVERSE FORTUNES
NEW DELHI - As it battles falling revenues and profits,Indian state-run telecom major BSNL is contemplating inducting a foreign strategic partner, a move that will enable the company to get a better valuation than from an IPO or disinvestment, according to a well-placed source. BSNL's valuation has been pegged at about US$100 billion and the PSU has a paid up capital of about Rs 50 billion (US$1.04 billion), ...