Hutchison Whampoa may sell off telecom business

Hong Kong-based Hutchison Whampoa group is believed to be considering a sale of its telecom business, including its highly lucrative Indian operations.
Sources close to Hutchison Whampoa said the Hong Kong-based giant is willing to consider a sale. While no formal mandate has been given, Goldman Sachs and ABN Amro are believed to have talked to [...]

Sequoia picks up 1.5% in Idea for $48m

ET reports that VC firm Sequoia Capital has picked up about 1.5% stake in Idea Cellular for around $48 million.
According to sources, this transaction has taken place at a higher price as compared to what was paid by other PE players and hedge funds, who recently picked up stake in Idea Cellular.
US-based Providence Equity Partner’s [...]