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Archive for the 'Aircel' Category

Thursday, July 21st, 2005

BPL deal: Phase I M&As in cellular sector near completion

Buyout of BPL by Essar has brought the first phase of consolidation in India’s cellular sector, a step to completion.

It has also shown that M&As have happened among Indian Companies themselves, and major global players like Vodafone, DoCoMo, STT-Telekom Malaysia that have been eyeing the telecom market here through small, stand-firms, have been left out […]

Mobile, AirTel, Essar Cellphone, BPL Mobile, Idea, Aircel, Escotel Mobile, Spice, News, India

Saturday, June 18th, 2005

Aircel may sell 35% to fund expansion

Aircel Televentures, the C. Sivasankaran-promoted mobile services operator, is negotiating to offload a 35 percent stake for a consideration of $ 350 million to a clutch of financial investors led by Pico, among other. The deal, managed by merchant banker IL&FS, would cover Aircel’s two operational circles Chennai and Tamil Nadu, as well as the […]