Technology Industry
Industry: Email Alert RSS FeedHTIL says the Ruias don't have the RoFR
Telecommunications Mergers & Acquisitions, March, 2007 by Anonymous
Hutchison Telecommunications International (HTIL) said that the Ruias-controlled Essar group does not have the Right of First Refusal (RoFR) regarding the sale of Hutchison Essar (HEL). HTIL said at an analyst meeting in Hong Kong that the Ruias do not have the right. A spokesperson of HTIL said that all the participants had equal opportunities to bid for buying a stake in HEL, and the process of bidding was transparent. Essarowns 33 percent in HEL and has always insisted that it does have the RoFR.
This right means that in the sale of the stake in HEL, the group can match the highest offer price, no matter who the buyer is. But HTIL maintains that RoFR can be exercised by only three players: Reliance Communications, Bharti Airtel, and Tata. HTIL plans to pay $4.1 billion as...
CXO UnpluggedSmart Business interviews on BNET
See and hear how senior level executives across the Asia Pacific are developing smart business ideas across a variety of sectors. The focus is on the future, and on how businesses need to evolve.
Brought to you by CBS MoneyWatch.com
- Best- and Worst-Paid College Degrees
- 6 Things You Should Never Do on Twitter or Facebook
- How Much Sleep Do You Really Need?
- 6 Big Myths about Gas Mileage
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
