Vodafone-Hutch update

Vodafone purchased Hutchison Telecommunications’ 67 per cent stake in Hutchison Essar for $11.1 billion (Rs 48,540 cr), which values the Hutch Essar at $18.8 billion, including debt.
Hindu Businessline quotes Sunil Mittal of Bharti Airtel saying that the company would up the ante knowing that Vodafone would come hard to grab more market share.
When asked to [...]

Orange could look at acquisitions in India

France Telecom-owned Orange could take rival Vodafone’s lead and consider acquisitions in the Indian mobile market, says its chief executive Sanjiv Ahuja.
“India is a fast growing market and if a right opportunity emerges at the right kind of valuation, we would look at it. I wouldn’t rule anything out,”
But its current focus is the fast [...]

Mobile user base touches 156.3 mn

India added 6.8 million new mobile users in January to take the total mobile user base to 156.3 million. GSM subscriber base increased by more than 5 million, while CDMA operators added 1.8 million (including WLL-fixed) users.
Within the Category C circles, the highest growth was recorded by Assam (8.3%) followed by North East at (6.8%).
Within [...]

Vodafone bags Hutch for $19 billion

Vodafone has acquired Hutch for an estimated enterprise value of over US $19 billion (Rs 85,000 crores). Vodafone is the world’s largest mobile phone group by revenue and Hutch is India’s fourth largest mobile operator.
CNN-IBN reports that Vodaphone has offered Essar to become a partner firm. Essar welcomed the offer and said it is indeed [...]