Articles tagged with: Maharashtra and Cellcom

Further consolidation in India's GSM market

India's GSM network operator, IDEA is to buy the GSM operators, Escotel Mobile (EMCL) and Escorts Telecommunications (ETL). The transaction includes 6 telecom licenses and more than 825,000 subscribers. In an all cash transaction, IDEA has entered into a share purchase agreement with the sponsors of EMCL and ETL, i.e. Escorts and First Pacific, to buy their 100% equity stake in these companies. more

Related Tags: at&t-wireless, delhi, idea-cellular, license-fees