Technology Industry
Industry: Email Alert RSS FeedVodafone to formalize HEL deal only after all 'ambiguities' are cleared
Telecommunications Mergers & Acquisitions, April, 2007 by Anonymous
Vodafone Plc said it would complete the Hutchison Essar (HEL) deal only when the ambiguities regarding the telco's shareholding setup are cleared. They categorically said that minority shareholders Asim Ghosh and Analjit Singh would need to be in complete control of their equity holdings before Vodafone finalizes the $11.1-billion buyout.
Apparently, Vodafone CEO Arun Sarin has held talks with top management of Hutchison Telecommunications International (HTIL), the Ruias, and also Mr. Singh and Mr. Ghosh. In February, the UK-based Vodafone had purchased HTIL's 67 percent stake in HEL for $11.1 billion. Hutch is presently in the process of consolidating the ownership of Mr. Ghosh and Mr. Singh's 12.26 percent stake. HTIL had given bank guarantee of around $110.4 million to Mr....
Most RecentTechnology Articles
CIO SessionsVision Series on ZDNet
See and hear what CIOs the world over thinks about the business of technology and how it's changing the way we live and work.
Brought to you by CBS MoneyWatch.com
- 10 Best Places to Retire
- Companies with the Best 401(k) Plans
- Most Important Document for Your Heirs? It's Not Your Will
- Video: Should You Expect to Retire Rich?
- Over 50? Here's How to Get (and Keep) a Great Job
Most Recent Business Articles
- Your feedback
- Why fly solo when an executive assistant can accelerate your CLNC® business?
- The CLNC® mentors held the key to my first case and to my CLNC® success
- Atlanta CLNC® 6-day certification seminar photo gallery—plus sign up today for spring 2009 to save $100.00
- Announcing the 2009 NACLNC® conference keynote speaker, Stedman Graham: move like a maverick for breakaway CLNC® success at the 2009 NACLNC® conference
Most Recent Business Publications
Most Popular Business Articles
- Using object-oriented analysis and design over traditional structured analysis and design
- Big Fish Games Migrates Upstream to Fisher Plaza; High Growth Online Gaming Firm Vaults Fisher Plaza Occupancy Rate Above 90%
- Top of the line: some of the world's most well-respected doctors practice in South Florida. A guide to choosing the best physician specialists - Top Doctors in South Florida
- BEHR Paints Introduces a Colorful New Way to Paint and Prime All in One with BEHR Premium Plus Ultra™ Interior
- Sand filter basics: high-rate sand filters can be confusing for those new to the business. Understanding valve modes is the key
