Reliance might bid for Hutch in India

Sushubh

Administrator
[OP]
Oct 29, 2004
413,860
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Gurugram
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://sifytechwhack.co/578/rel...hutch-in-india/
 

leomax

FraudBand
Regulars
Oct 26, 2005
314
0
I was wondering,few weeks back i saw a news like '3' got LOI from DOT or likes..
 

ogtripleog

Regular
Regulars
Sep 11, 2004
774
0
the day that happens im giving up my hutch connection :p
 


max

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Oct 6, 2005
2,780
6
It might actually be good for Hutch users. They might bring down the prices! But then again they might increase the prices! :(
 

Sushubh

Administrator
[OP]
Oct 29, 2004
413,860
12,773
Gurugram
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.
 


smartbuddy_82

Regulars
Regulars
Dec 4, 2005
1,598
31
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....