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Bharti-Singtel Pulls Out Of Race For Vsnl Stake

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BUSINESS STANDARD
Last Updated : Jul 24 2001 | 12:00 AM IST

The Bharti-SingTel combine Monday said it is pulling out of the race for a 25 per cent stake in Videsh Sanchar Nigam Ltd (VSNL), slated for disinvestment in the coming months. The company decided to withdraw from the bidding process citing limited funds and a decision to focus on its cellular business for the moment.

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First Published: Jul 24 2001 | 12:00 AM IST

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