for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

India BSNL chair:to start Zain due diligence soon

BANGALORE, Oct 23 (Reuters) - Indian telecoms Bharat Sanchar Nigam Ltd [BSNL.UL] and Mahanagar Telephone Nigam Ltd MTNL.BO will soon start due diligence of Kuwaiti telecom Zain ZAIN.KW, BSNL's Chairman Kuldeep Goyal said on Friday.

BSNL and MTNL have been invited to join a consortium, comprising little-known Indian firm Vavasi and a Malaysian investor, which has agreed to buy a 46 percent stake in Zain. (Reporting by Sumeet Chatterjee; Editing by Jarshad Kakkrakandy)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up