Reliance might bid for Hutch in India

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Sushubh

Sushubh

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Reliance might bid for Hutch in India
Incoming report states that Indian telecom giant Reliance is considering a joint bid with private equity firm Blackstone to acquire a stake in Hutch.
They might try to buyout Hutchison Telecommunications International’s 67% stake in the Hutchison Essar Ltd.
Hutch is the third largest mobile service provider in the region and [...]

http://broadbandforum.co/578/rel...hutch-in-india/
 
I was wondering,few weeks back i saw a news like '3' got LOI from DOT or likes..
 
It might actually be good for Hutch users. They might bring down the prices! But then again they might increase the prices! 🙁
 
this would just give reliance an awesome way to become the third largest gsm player in the country... 🙂they already are the largest cdma player i think...they would perhaps become the biggest player in the market!!! awesome deal. not for me though.
 

Dont want Hutch to become Reliance, in other words dont want to give up my Hutch connection which I am using for past 5 years....
 

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