Financial Daily from THE HINDU group of publications
Saturday, Oct 29, 2005


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Mega deals in telecom

  • Essar bought out BPL's 64 per cent stake in BPL Communications Ltd for Rs 4,400 crore.

  • Warburg Pincus sold 12 per cent stake in Bharti in three tranches for a total of about Rs 4,600 crore.

  • Tata and A.V. Birla Groups bought out Cingular Wireless' 32.91 per cent stake in IDEA Cellular for Rs 1,300 crore.

  • SingTel increased its stake in Bharti Telecom to 32.81 per cent from 26.96 per cent for Rs 1,100 crore.

  • Essar bought out MAX Telecom' 3.16 per cent stake in Hutchison Essar for Rs 657 crore.

  • Bharti bought out Shyam Group's 67.5 per cent stake in Hexacom India Ltd for Rs 430 crore.

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