News > RailTel plans IPO for Rs 700 crore early next year

RailTel plans IPO for Rs 700 crore early next year

Tech Observer | 07/12/2020 01:26 PM | Click to read full article

Public sector player RailTel is lining up a Rs 700 crore initial public offer (IPO) early next year, valuing the company at around Rs 3,000 crore. This is a part of the government’s disinvestment programme.

The Mini Ratna PSU is one of the largest neutral telecom infrastructure providers in the country, owning an optical fibre network on exclusive Right of Way (RoW) along the railway tracks. It also provides broadband telecom and multimedia networks across the country.