Indian state telecoms Bharat Sanchar Nigam Ltd [BSNL.UL] said on Friday it would directly engage Kuwait's Zain (ZAIN.KW) for purchasing a stake if talks by a consortium the Indian firm is part of fail.
BSNL, along with Mahanagar Telephone Nigam Ltd (MTNL.BO), a smaller state firm, are part of a group led by little known Indian company Vavasi, which aims to take a 46 percent holding in the Kuwaiti firm.
Chairman Kuldeep Goyal said if BSNL had to go directly, it would take MTNL along with it.END
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