Feeds

Fight for Hutchinson Essar mobile intensifies

Over 20 million Indian subscribers up for grabs

Remote control for virtualized desktops

What looked like a two-way battle between Vodafone and Reliance for Indian operator Hutchison Essar is shaping up as a triangular contest.

Indian conglomerate Essar, which co-owns the operator with Hutchison, is looking to raise enough money to buy out its partner, and is emphasising its first-refusal position.

Vodafone was expected to offer $13bn for Hutchinson’s share of the company, though figures as high as $18bn have been reported. The same reports are saying that Essar has suggested around $11bn, as an indication of what it thinks the company is worth.

Neither Vodafone nor Essar has made a formal offer, nor is it clear how much Reliance might decide to put on the table.

The possibilities are further complicated by the potential for Essar to instead sell its 33 per cent to either of the other bidders. Vodafone would be restricted to owning 74 per cent of the resulting company so would need another (local) partner if it bought up both parts.

All this is looking very nice for Hutchinson, which saw its shares on the Hong Kong stock exchange rise 5 per cent on.

Intelligent flash storage arrays

More from The Register

next story
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
You think the CLOUD's insecure? It's BETTER than UK.GOV's DATA CENTRES
We don't even know where some of them ARE – Maude
NSA mass spying reform KILLED by US Senators
Democrats needed just TWO more votes to keep alive bill reining in some surveillance
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Designing and building an open ITOA architecture
Learn about a new IT data taxonomy defined by the four data sources of IT visibility: wire, machine, agent, and synthetic data sets.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?