BSNL IPO - again ?

India is hoping to list state-run telecoms firm Bharat Sanchar Nigam Ltd (BSNL) at Rs 300-400 (USD 7.2-9.5) a share, but will take a final decision only after discussions with trade unions who oppose the move, Telecoms Minister Andimuthu Raja said on Thursday.

BSNL is India's top ranked telecoms firm by subscriber numbers but in mobile services lags Bharti Airtel Ltd, Reliance Communications Ltd and Vodafone-controlled Vodafone Essar.

As of end-June, BSNL had nearly 73 million wireless and fixed-line subscribers, slightly ahead of mobile services leader Bharti Airtel which had nearly 72 million users.

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