State-owned telco BSNL on Monday said it plans to launch India’s biggest IPO to raise over US$10 billion. “The company is valued at well over US$100 billion. We are looking at offloading up to 10% stake, subject to government approval,” BSNL finance director S K Saxena told reporters. When asked about the development, telecom minister A Raja said: “The government is considering it (an IPO). The department of telecom (DoT) will discuss the issue and take a final decision soon”.