BSNL said to be mulling $10 billion IPO
India telco Bharat Sanchar Nigam, Ltd (BSNL) is considering filing for an initial public stock offering that would be worth around $10 billion, according to local reports augmented by analysis at Light Reading. The dollar value of the potential offering represents about 10 percent of the total market value (that’s right: $100 billion) of India largest operator of wireline and wireless facilities. The carrier has about 70 million total subscribers. BSNL has watched other Indian carriers go public as the global finance world has become infatuated with India as the next big bull market.
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