NEW DELHI: A government panel has rejected some key recommendations of the Sam Pitroda committee set up by the prime minister to suggest a turnaround strategy for loss-making BSNL, saying drastic changes in a state-owned company could impact the running of all public sector units.
This four-member department of telecom panel has rejected the Pitroda committee recommendation that BSNL sell a 30% stake by listing on the bourses, and said that the IPO must be ‘deferred for two years to allow the telco to improve its performance and get the right valuation’.
It has also rejected the Pitroda’s committee’s proposal to allow BSNL to bring in top professionals, including a CEO from the private sector, and said that ‘implementing such a move selectively for top-level positions, and also in just one PSU would have wider repercussions’.
economictimes.indiatimes.com-DoT-rejects-Pitroda-panel-suggestions-on-BSNL
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