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No Plan To Privatise BSNL: Jyotiraditya Scindia
By Sumit Kumar, Section News
Denying rumours that BSNL would be privatised, Union minister of state for telecom and IT, Jyotiraditya Scindia has said the public sector telecom major is only thinking of coming out with an IPO and that too with a cap of 10 per cent only.
"There is no plan to privatise BSNL, but thinking is going on coming out with an IPO with a cap of 10 per cent only," Scindia told reporters here yesterday. The money generated through an IPO would be used to strengthen the BSNL network in far-flung areas, he said. He said that there is a gulf between privatisation and IPO and added that to capture investment and market share, IPO is necessary. "BSNL should focus on providig high-quality service so that it can attract people towards it and also compete with the private players instead of worrying about its future, the minister said.-- PTI
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