MTNL, which has been shortlisted as the preferred bidder in the acquisition of the Sri Lankan telecom company Suntel, is in talks with several companies to offload 50 per cent stake in Suntel as and when it acquires the company.

MTNL, which has been shortlisted as the preferred bidder in the acquisition of the Sri Lankan telecom company Suntel, is in talks with several companies to offload 50 per cent stake in Suntel as and when it acquires the company. Given that Suntel is a profit-making company, MTNL wants to retain its existing structure with regard to all its policies. It is of the view that this goal can be achieved if it limits its stake in the Sri Lankan company to 50 per cent.