I-Sec zeroes in on four options on

ICICI Securities, the consultant appointed by the government to work on synergising the operations of the two telecom PSUs — BSNL and MTNL — has short-listed four options for the proposed process, according to draft report of the bankers.

The options are merger of two PSUs and making one PSU a subsidiary of the other, based on a 5-point criteria — competitive position, shareholder value, cost-implication, execution difficulties, namely where the funds to come from and time-period.

I-Sec will present final report of phase-I to the merger panel constituted by the Department of Telecom (DoT).

All the four options would be presented in the form of ‘most favoured’ option from one to four, sources said. PTI