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Articles tagged with: Essar and Essar Group
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: loop-mobile, vodafone-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-teleholdings, essar-telecom-kenya, Uganda
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, ovi, zte, tim, ict, mumbai, loop-mobile, 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, bharti, bharti-airtel, mtnl, mumbai, seven, maxis, vodafone-essar, aircel, loop-mobile, India
Vodafone Seeking Damages From Indian Partner
India's Vodafone essar is seeking damages of around Rs 1,100 crore (US$252 million) from the essar Group for not transferring shares in Mumbai based BPL Mobile to the company. As part of Vodafone's move into the Indian market, the company agreed to buy BPL Mobile from the Ruias of the essar Group and merge it with Vodafone essar. more
Related Tags: loop-telecom, bpl-mobile, mumbai, vodafone-essar, India
More Tower Mergers for India Reported
..are expected to be added by 2011. "We believe that consolidation is necessary in this industry. We are in discussions with several companies for consolidation and merger. However, no transaction has been finalised yet," Essar Telecom CEO Ajay more
Related Tags: base-stations, towers, India
Indian Phone Retailer Plans 250 Mini-Stores Over Next 14 Months
The Indian mobile phone retailer, The MobileStore is expecting to open 250 new smaller stores over the next 14 months, says essar Telecom Retail CEO and director Rajiv Agarwal. The smaller stores will have a size of between 50-150 sq ft, compared to a current retail outlet size of around 700 sq ft. more
Related Tags: India
Essar Chairman: No Clash Of Interest With Vodafone On BPL License
SINGAPORE -(Dow Jones)- Indian conglomerate essar Group said Wednesday it doesn't see any clash of interest with its U.K. partner Vodafone Group over moves by BPL Mobile Communication, in which essar has a 9.9% stake, to seek an independent telecommunications license in India. more
Related Tags: bpl-mobile, vodafone-essar, vodafone-group
India Panel OKs Vodafone Stake Buy In Hutchison Essar
NEW DELHI -(Dow Jones)- Paving the way for Vodafone Group's entry into India's booming telecommunications market, a government panel Friday approved a proposal of the U.K.-based company to buy a controlling stake in Hutchison essar. more
Related Tags: hutchison, delhi, hutchison-essar
India Government Defers Decision On Vodafone Buy In Hutchison Essar
NEW DELHI -(Dow Jones)- The Indian government Monday deferred for the third time a decision on approving UK-based Vodafone Group's acquisition of a majority stake in local mobile telecommunications operator Hutchison essar. more
Related Tags: hutchison, delhi, hutchison-essar