http://convergence.in/blog/2005/12/26/talk-like-an-egyptian-says-orascom-telecom-to-indians/ linking diversity! Thu, 17 May 2012 04:11:21 +0000 hourly 1 http://wordpress.org/?v=3.3.2 http://convergence.in/blog/2005/12/26/talk-like-an-egyptian-says-orascom-telecom-to-indians/comment-page-1/#comment-8262 goBroadband » Blog Archive » Orascom bids to take control of HTIL Tue, 17 Oct 2006 19:34:33 +0000 http://convergence.in/blog/?p=6#comment-8262 [...] ET reports that Egyptian Telecom giant, Orascom Telecom Holdings is in talks with Hutchison Telecommunications International Limited (HTIL) to take control of HTIL. Late last year, Orascom bought 19.3% stake in HTIL, giving it an indirect stake of 10% in Hutchison India and a board reprsesntation as well. This move by HTIL, without taking their Indian partner, Essar TeleHoldings into complete confidence is the main cause for the ongoing rift between Essar and HTIL. It is reliably learnt that Essar will spare no efforts this time to lobby against any such moves by HTIL to sell out to Orascom. Essar will play the National Security card in the corridors of Delhi because Orascom controls one of Pakistan’s largest cellular company, Mobilink. [...] [...] ET reports that Egyptian Telecom giant, Orascom Telecom Holdings is in talks with Hutchison Telecommunications International Limited (HTIL) to take control of HTIL. Late last year, Orascom bought 19.3% stake in HTIL, giving it an indirect stake of 10% in Hutchison India and a board reprsesntation as well. This move by HTIL, without taking their Indian partner, Essar TeleHoldings into complete confidence is the main cause for the ongoing rift between Essar and HTIL. It is reliably learnt that Essar will spare no efforts this time to lobby against any such moves by HTIL to sell out to Orascom. Essar will play the National Security card in the corridors of Delhi because Orascom controls one of Pakistan’s largest cellular company, Mobilink. [...]

]]> http://convergence.in/blog/2005/12/26/talk-like-an-egyptian-says-orascom-telecom-to-indians/comment-page-1/#comment-103 Convergence India » Blog Archive » Hindujas reject Hutchinson fffer to buy 5.11% Sun, 30 Apr 2006 06:33:11 +0000 http://convergence.in/blog/?p=6#comment-103 [...] Hutchinson which is in a major clean-up operation before its proposed IPO offered to buy Hindujas 5.11% stake in Hutch @ Rs2025 crores($450 Million). At the current offer price Hutch is valued at $9.0 Billion. At the end of March-2006, Hutch had a subscriber base of 90 Lakhs(9 Million) which translates to Rs45,000/subscriber, precisely the same amount which Egyptian Telecom major, Orascom paid to Huthch’s promoter, Hutchinson Whampoa group in January 2006. Hindujas valuation of Hutch is at the higher end, $12 Billion, which translates into Rs60,000/subscriber. [...] [...] Hutchinson which is in a major clean-up operation before its proposed IPO offered to buy Hindujas 5.11% stake in Hutch @ Rs2025 crores($450 Million). At the current offer price Hutch is valued at $9.0 Billion. At the end of March-2006, Hutch had a subscriber base of 90 Lakhs(9 Million) which translates to Rs45,000/subscriber, precisely the same amount which Egyptian Telecom major, Orascom paid to Huthch’s promoter, Hutchinson Whampoa group in January 2006. Hindujas valuation of Hutch is at the higher end, $12 Billion, which translates into Rs60,000/subscriber. [...]

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