Unlisted BSNL has asked for government's permission to set up an initial public offering of 10% stake and a pre-IPO placement might be a possibility. Lately, senior officials of AT&T and BSNL met twice in New Delhi to talk about the issue.
AT&T refused to remark, while Mr. Kuldeep Goyal, BSNL Chairman, refused the development of stake sale to AT&T.
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