BSNL was rumoured to be going in for an IPO. Mr Pradeep Baijal announced this at some “convergence” meet.
Finally, it took the Department of Telecom Secretary to “clarify” that there is no IPO and BSNL isn’t for sale. Well, the left arm of the Govt. doesn’t know what the right arm is doing.
It’s this monumental stupidity that is institutionalised; with fossilised brains, these bureaucrats are the real stumbling blocks to real telecom revolution. Or whatever we can call it as.
Anyway, the subtext of the IPO shouldn’t be missed. Ever since the UPA government has come in power, they have been selling the country piece meal. I wouldn’t comment on the recent Dubya’s visit- it was more than Nuclear deal. We would see the lateral entry of American Telecom firms in the near future. Either, they would buy out the existing telecom firms or “partner” with them. Further, once the long distance Telecommunications is opened up, we would see a flurry of activity. We might be able to get Skype Out like service; but given the current scenario it seems unlikely.
For all those who claim that “Indian Telecom has arrived on the world scene”, here goes up my middle finger, with the thought that your asses would be stuffed up with load of s***. There is nothing more demeaning than allowing the MNC’s to rampage on our soil. I am not clamouring for protectionism but there is a difference between allowing healthy competition and selling the nation to considered interests.
Finally, Mr Pradeep has retired; there was a small write up on him- similar to his “obituary” in office. Of course, Times of India spoke about his tenures in glowing terms. I won’t set the pessimistic tone here but there is a lot Mr Pradeep missed.
As I had pointed out, they have hoisted a retired bureaucrat in his place. Good bye TRAI. You are now gone and your dead corpse would be feasted by Department of Telecom. Tandoori style or raw? It’s left to their tastes.
Finally, I am adding a category on Convergence. I haven’t yet written anything on the same here but in due course of time, this needs some attention. Specially when Broadband can provide an excellent platform for content delivery. Oh yeah, forget about it on 256k lines, but the future is bright.
As usual, I hope.
There is a lot of confusion about the proposed IPO. Here are the links from Google news which has more details.
This is the imminent sell off the public assets in the near future. Of course, BSNL- MTNL would be combined; it would be a “strategic partnership” between the Government and private telephone companies. Well, whatever “strategic” means.