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BSNL Eyes Overseas Acquisitions; Why Not MTNL First?

Public Sector telecom operator BSNL is eying overseas acqusitions in Africa and the Middle East reports PTI. BSNL CMD Kuldeep Goyal told reporters that the company is open to acqusitions, and we're wondering why a meger hasn't yet taken place between BSNL and MTNL. It's a strange situation with the public sector telecom operators - BSNL operates throughout the country, except in the high tele-density cities of Delhi and Mumbai, which is where MTNL operates. Neither is going to encroach on the others area of operation. Perhaps a part of the problem is the valuation - MTNL is listed on the Indian bourses while BSNL is not - and another is employee issues - MTNL employees may not be open to a takeover. Nevertheless, there has been talk of a BSNL-MTNL merger for many years now. BSNL has also been…

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