The government seeks merging state-owned Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL), trying that again after unsuccessful attempts in 15 years.
The government has appointed the accounting and consulting firm Deloitte as the transaction advisor, the Financial Express (FE) reported on Wednesday.
Deloitte is expected to submit its analysis on how the merger could be done in the next six to seven months, the report said. Given the complexity, the merger may take about two years to complete.
The merger is a part of the Rs 1.64 trillion revival package for BSNL the