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Articles tagged with: Hutchison Telecom and Hutchison Essar
Vodafone's $2 Billion Indian Tax Battle Rumbles On
India's Income Tax department has issued a notice to Vodafone asking it to explain why the company feels that the Tax Department does not have the necessary jurisdiction to proceed with its tax liability claim against it. The tax liability relates to the US$11.2 billion purchase of Hutchison Essar in 2007. more
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: tim, seven, tax, hutchison, essar, chief-financial-officer
Hutchison Reports Record 2007 Profits on Disposals
Hutchison Telecom has reported a record annual profit of HK$67,776 million (US$8.7 billion) for last year, thanks largely to disposals. Turnover increased by 13.8% to HK$20,401 million (US$2.63 billion) reflecting a 57% growth in the customer base to nearly 10 million, increased usage especially in 3G and favourable foreign currency exchange rates. EBITDA increased to HK$5,253 million despite losses at start up operations in Indonesia and Vietnam, and HK$223 million non-cash charge for employee stock options, representing an EBITDA margin of 25.7%. Excluding the start up operations the EBITDA margin would have been 29.4%. more
Related Tags: edge, tax, hutchison, essar, cgp-investments, java, excelcomindo, telekomunikasi-indonesia, telekomunikasi-indonesia, Hong Kong
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, tim, hutchison, essar, chief-financial-officer, lawyer
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, tim, orascom-telecom, reliance, bric, bouygues-telecom, essar, oger-telecom, chief-financial-officer
UPDATE: Vodafone Bids $17 Billion For Indian Wireless Firm
HONG KONG (Dow Jones) -- The battle for control on Indian wireless telecom operator Hutchison Essar intensified Thursday after the UK's Vodafone Group made a bid which values the company at $17 billion to $18 billion, according to media reports Thursday. more
Related Tags: reliance-communications, texas, essar, hutchison-whampoa
Vodafone Confirms Considering Hutchison Essar Bid
LONDON -(Dow Jones)- Vodafone Group says it was considering taking a controlling interest in Indian mobile phone operator Hutchison Essar as it continues to seek growth in emerging markets, a move which may spark a bidding war. more
Related Tags: reliance-communications, reliance, bharti, london, hutchison-telecom-international, essar
Hutchison Increases Indian Investment
Hutchison Telecom has announced that is buying a further 5.11% stake in India's Hutchison Essar from affiliates of the Hinduja Group for US$450 million. Under these agreements, Hutchison Telecom Group will acquire the entire issued capital of IndusInd Telecom Network ("ITNL"), a holding company for a 5.11% stake in Hutchison Essar Limited. more
Related Tags: essar
Hutchison Completes Indian Acquisition
Hutchison Telecom has announced that Hutchison Essar, its joint venture in India with Essar Teleholdings Limited, has completed the acquisition of BPL Mobile Cellular. BPL Cellular operates in three licence areas -- Maharashtra, Tamil Nadu and Kerala. With the completion of this acquisition, Hutchison Essar now operates in 16 circles including all metro and A circles. more
Related Tags: bpl-mobile, essar-teleholdings, essar, tamil-nadu
Hutchison Rebrands Indian Operations
Following the consolidation of five Indian entities under Hutchison Max Telecom Limited (HMTL) earlier this year, the name of the company is now being changed to Hutchison Essar Limited. The company's subsidiaries include Hutchison Essar Mobile Services, Hutchison Telecom East, Hutchison Essar South, Aircel Digilink India and Fascel. more
Related Tags: essar-group, essar, aircel
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