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Articles tagged with: Mumbai and Essar Group
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, essar, 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, seven, maxis, essar, 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, essar, vodafone-essar, India
Reliance Communications Starts Hutchison Essar Due Diligence
mumbai -(Dow Jones)- India's Reliance Communications has started due diligence of Indian mobile phone service provider Hutchison Essar, the Press Trust of India reported Thursday. more
Related Tags: reliance-communications, reliance, essar
Verizon Rumored To Be Interested In Hutchison Essar
mumbai -(Dow Jones)- US-based telecom company Verizon Communications is rumored to be interested in buying a stake in Indian mobile phone operator Hutchison Essar, the Press Trust of India reported Wednesday. more
Related Tags: reliance-communications, reliance, verizon-communications, essar, hutchison-essar
Private Equity Considering Buyout of Indian Operator
The private equity firms Blackstone and Texas Pacific are reported to be interested in a US$8 billion buyout of Hutchison Telecoms stake in its Indian subsidiary, Hutch Essar, the Wall Street Journal reported last week. The newpaper report said, quoting unnamed sources, that Reliance Communications was likely to throw its weight behind Blackstone's effort. more
Related Tags: reliance-communications, wall-street-journal, texas, reliance, essar