Indian state-owned fixed-line operator BSNL will sell its surplus capacity on its long-distance network to private companies in an auction, according to a senior executive cited by the Economic Times.
The company is reportedly looking to offset the…
Indian state-owned fixed-line operator BSNL will sell its surplus capacity on its long-distance network to private companies in an auction, according to a senior executive cited by the Economic Times.
The company is reportedly looking to offset the losses reported in the last financial year and to open up new revenue streams. The surplus bandwidth is expected to be auctioned in two lots of 2.5 GB and 10 GB.
In a separate report, local media wrote that BSNL’s IPO could be delayed by at least two years.
A working committee set up by the DoT to consider BSNL’s future reportedly believes the operator should focus on improving its financial performance before listing.
BSNL was unable to comment before the press deadline.
