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Articles tagged with: Essar and Tim
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, 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, mumbai, tax, hutchison, 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, mtn, cdma, loop-telecom, bpl-mobile, essar-group, bharti, bharti-airtel, mtnl, mumbai, seven, maxis, vodafone-essar, aircel, loop-mobile, India
Hutchison Telecom Names a New Chief Financial Officer
Hutchison Telecom has announced that Mr Tim Pennington has given notice of his resignation as Chief Financial Officer and will step down at the end of August to return to the UK. more
Related Tags: hutchison-telecom, seven, tax, hutchison, chief-financial-officer, hutchison-essar
Hutchison Telecom Holders OK Hutchison Essar Sale Plan
HONG KONG -(Dow Jones)- Hutchison Telecommunications International said Friday shareholders approved its plan to sell its 67% stake in Indian mobile-phone operator Hutchison essar to Vodafone Group for US$11.08 billion in cash. more
Related Tags: essar-group, hutchison-telecom, hutchison, chief-financial-officer, lawyer, hutchison-essar
Egyptian Mobile Operator Orascom Poised For Shopping Spree
BARCELONA (Dow Jones) -- Egyptian mobile operator Orascom Telecom has the cash to make an acquisition of up to US$5 billion, Chief Executive Naguib Sawiris told MarketWatch in an interview Wednesday. more
Related Tags: wind, orascom-telecom, london, naguib-sawiris, hutchison, hutchison-essar
Orascom Favors Hutchison Telecoms Dividend
BARCELONA -(Dow Jones)- Orascom Telecom Holding believes Hong Kong-based Hutchison Telecommunications International should consider paying a dividend to shareholders following the sale of its Hutchison essar unit, Orascom Chairman Naguib Sawiris said Wednesday. more
Related Tags: orascom-telecom, bharti, naguib-sawiris, orascom-telecom-holding, hutchison, weather-investments, weather, hutchison-essar
Hunted and Hunter Swap Roles As Telecom M&A Heats Up
LONDON (Dow Jones) -- The hunted are fast becoming the hunters in the consolidation race playing out now among telecom operators in emerging markets. more
Related Tags: reliance-communications, essar-group, kpn, mtn, orascom-telecom, reliance, hutchison-telecom, bric, bouygues-telecom, oger-telecom, chief-financial-officer, hutchison-essar