Telecommunication Report

Monday, February 12, 2007

Vodafone wins Essar bid

Vodafone wins Essar bid

By Jason Singer, Cassell Bryan-Low and Eric Bellman

The Wall Street Journal Europe

12 Feb 2007



Vodafone Group PLC of Britain, in a major boost to its ambitions in emerging markets, said it will pay $11.1 billion for a majority stake in Indian cellphone operator Hutchison Essar Ltd. Vodafone’s winning bid, in a heated auction, is expected to... read more...

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