IT Nation India Pvt Ltd Jobs
Industry : Media Entertainment
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Indigo Nation
Industry: Fashion / garments
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MTNL may win race for Lanka's Suntel
Beats Telekom Malaysia with $160- 180m Bid
STATE-owned Mahanagar Telephone Nigam Ltd (MTNL) is believed to have emerged as the highest bidder for Sri Lankan fixed line operator Suntel. According to sources dose to the development, MTNL is learnt to have bid between $ 160 million and $ 180 million for the Colombo-based telephone company.
The Sri Lankan Rs 3.31-billion Suntel will give MTNL a foothold in the island country's fast-growing telecom market. It will also be the first overseas acquisition by the NYSE-listed MTNL, which had earlier tried unsuccessfully to enter the Saudi Arabian and