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Articles tagged with: Essar
Essar Group Moves its Vodafone Shareholding into Holding Company
India's essar Group is reported to have moved part of its 33% stake in Vodafone essar to a new stand-alone company with the intention to use it as collateral for fund raising purposes. A person privy to the development told the Economic Times that the diversified essar group has transferred a 10.97% stake from its telecom arm essar Teleholdings to a newly-created firm ETHL Communications Holdings. more
Related Tags: essar-group, loop-mobile, vodafone-essar, India
Vodafone Essar Told to Stop Cricket Promotion
..ion logos on its marketing materials. The ICC has warned that it might take legal action if necessary. "The use of our event marks and logos creates a clear link with the event and implies that Vodafone has an official association with ICC and t more
Related Tags: cricket, vodafone-essar, India
Hutchison Warns Off Possible Indian Tax Liability in Sale to Vodafone
Hutchison Telecom International has accepted that it might have to make some payments in regards to the ongoing tax dispute in India over the sale of its stake in Hutchison essar to Vodafone in May 2007. Although the transaction technically occurred outside India, the government has been suing Vodafone for up to US$2 billion in sales tax that it claims is owed to it. more
Related Tags: hutchison-telecom-international, hutchison, vodafone, vodafone-essar, cgp-investments, tax, hutchison-essar, India
Essar's Ugandan Discussions Result in a Mobile License
India's essar Group has won a license to build a mobile network in Uganda, reports local media. The subsidiary company, essar Teleholdings will own 90% of the Ugandan company - and already has a mobile operator license in Kenya. more
Related Tags: essar-group, essar-teleholdings, essar-telecom-kenya, Uganda
Fitch Revises Vodafone's Outlook to Negative
Fitch Ratings has changed Vodafone's Issuer Default Ratings outlook to negative, although it affirmed the company's current ratings for long-term Issuer Default (IDR) and senior unsecured ratings at 'A-' (A minus) and Short-term IDR at 'F2'. more
Related Tags: fitch-ratings, vodafone, vodafone-essar, fitch
Indian Operator at Risk of Losing Telecoms License
The telecoms license held by India's Loop Telecom may be at risk after the ministry of corporate affairs (MCA) has asked the communications ministry to investigate if the shareholders violate the law on cross company ownership. more
Related Tags: loop-telecom, vodafone, bpl-mobile, essar-group, ovi, zte, tim, ict, mumbai, loop-mobile, India
Vodafone Raises Debt for Indian Expansion
Vodafone essar, the company's Indian subsidiary is reported to have sucessfully raised around Rs 10,000 crore (US$2 billion) in a 5-year debt financing for network expansion and the forthcoming 3G license auction. The loan was arranged by the State Bank of India Capital Markets. more
Related Tags: 3g, ict, vodafone, 3g-license, tim, mumbai, tax, hutchison, vodafone-essar, India
Vodafone to Expand Ringback Tone Deal into Emerging Markets
Vodafone has signed a deal with India based OnMobile to offer ringback tones in its emerging markets. Currently, millions of Vodafone essar customers in India use OnMobile's ring back tone service, which will be rolled out across Vodafone's other emerging markets from the Spring. more
Related Tags: eu, vodafone, ringback-tones, vodafone-essar, India
India's Aircel Reported to be in Talks to Buy Loop Mobile
India's Aircel Cellular is reported to be in talks to buy Mumbai based Loop Mobile (formerly BPL Mobile), which is owned by the Ruias of the essar group. Both companies have been holding discussions for around seven months now, two people familiar with the discussions told the Economic Times. more
Related Tags: ict, vodafone, tim, mtn, cdma, loop-telecom, bpl-mobile, essar-group, bharti, bharti-airtel, mtnl, mumbai, seven, maxis, vodafone-essar, aircel, loop-mobile, India
Econet Denies MTN Interest in Kenyan Network
Econet Wireless Kenya, which trades under the Yu brandname, has refuted local media reports that South Africa's MTN has offered US$450 for a stake in the company. The reports are "rumors," Chief Executive Officer Srinivasa Iyengar told reporters in Nairobi. The story emerged in Kenya's Standard newspaper. more
Related Tags: orange, lte, mtn, mobile-number-portability, iden, vas, number-portability, safaricom, telkom, celtel, econet-wireless, partner, econet-wireless-kenya, essar-telecom-kenya, yu, Kenya