High level meet okays 10% divestment in BSNL

New Delhi, January 06: A high-level review meeting chaired by Prime Minister Manmohan Singh today conceded a suggestion for immediate sale of 10 per cent government equity in state-owned telecom giant BSNL.

The meeting reviewed challenges before the telecom PSUs BSNL and MTNL, including issues of expansion.

Telecom Minister A Raja, BSNL CMD Kuldeep Goyal, MTNL CMD R S P Sinha and Telecom Secretary P J Thomas were among those who attended the meeting.

IT Adviser to the PM Sam Pitroda is understood to have suggested immediate disinvemsnt of 10 per cent government equity in BSNL, a proposal that is expected to be conceded at the top-most level of the government soon.

The review assumes importance in the wake of deteriorating revenue of telecom PSUs, particularly BSNL, which is also confronting a controversy over 35,000 croe expansion plan.

–Agencies