Hutch, Essar to form new entity

Hutchison Whampoa, the owners of the Hutch brand, and the Ruia group promoted Essar Telecom have decided to consolidate their operations into a new entity christened as Hutchison Essar Ltd. Essar Telecom will continue to have a 30% stake in the merged entity. The stakes of the other stakeholders viz. Kotak Mahindra/Hutchison Telecom International Joint [...]

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Second hand phones

Rediff has a story on the second-hand mobile phones market in India. The second-hand market is largely for GSM phones only.
“The second hand mobile phones cost anywhere between Rs 800 to 1500 here but in villages and small towns, 7 to 8 year old models are available even less”, says Madan, who runs the business [...]