Articles tagged with: Telekom Malaysia and Idea Cellular

Talks Stall Over Spice India Buyout

Plans by India's Idea Cellular to take a controlling stake in rival operator, Spice Communications are reported to have stalled over a dispute about the price being offered. Investment banking sources told the Business Standard newspaper that B K Modi had asked for Rs 70 a share - but India is reluctant to pay over Rs 60 per share.  more

Related Tags: etisalat, telekom, spice, India

Merger Talks Between Spice and Idea Collapse

Merger talks between India's Idea Cellular and Spice Telecom are reported to have broken down due to differences about the price, a person close to the negotiations has said. The Economic Times reported that Idea was keen to expand its coverage, but baulked at the price being demanded by Spice Telecom. more

Related Tags: ipo, bharti, spice

Telekom Malaysia CEO: Any India Idea Bid Likely Solo One

KUALA LUMPUR -(Dow Jones)- Telekom Malaysia Bhd. (4863.KU) Thursday said it will likely act alone in any bid it makes for a stake in Idea Cellular Ltd., India's fifth-largest cellular operator in subscriber terms.  more

Related Tags: singapore-technologies-telemedia