Welcome Guest Login | Register | Site Map | | Make TelecomTiger my homepage     
Telecom News
Enterprise |  Policy & Regulation |  Mobiles & Tabs |  Corporate |  VAS |  People Movement  |  Technology  |  LTE
Policy & Regulation
Government conducts talks with BSNL employee union for IPO plans
TT Bureau |  |  07 Aug 2008

The government conducted its talks with BSNL Employees’ Union to gain their confidence over the company’s IPO plans. Union Communications Minister A Raja represented the government.


“This is the first time I am talking to the BSNL union on the issue of listing after its board took a decision on the same last week. We have explained to the union on how the IPO will benefit the company,” Communications Minister A Raja said after meeting the workers. 


The government has given stock options to the employees during the talks but the union did not favor it. Rather, the employee union is not interested in the ESOP package offered by the board and don’t want any IPO in BSNL. The BSNL employees’ union General Secretary V N Namboodiri said that, “We are not convinced with their argument that the IPO is beneficial for BSNL’s growth.”


Meanwhile BSNL Chairman Kuldeep Goyal said that no timeframe has been announced as to when the IPO will take place.  

 mail this article    print this article    Show and Post comment
07 Aug 2008(IST)  
Maintain Business Continuity with Cisco ASR 9000 nV Technology
It is a virtual chassis solution where a pair of ASR 9000 routers acts as a single device by maintaining a single contr...read more
Simplify Your Network with Cisco ASR 9000 nV Technology
With the new Cisco Network Virtualization (nV) technology in the Cisco ASR 9000 Series Aggregation Services Routers, se...read more
Cisco Small Cell Solution: Reduce Costs, Improve Coverage
It is designed to address the challenge of mobile service coverage and to expand network capacity...read more