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Exclusive!!!!!!!!- Vodafone acquires Hutch

Posted by tggokul on February 11, 2007

For those who have been following the Hutch saga, even though it has not been officially announced yet, it seems pretty clear at this point that Vodafone is the front runner in acquiring Hutch. One of my inside sources has in fact confirmed it, but I still am yet to get a second source to confirm it. So it is not yet official. A press conference by Reliance ( another suitor for Hutch) has been arranged shortly.

My sources say that the Bid is close to 17-18 billion USD. It is still unclear whether it is for 100% control ( which would include buying out the minority partner Essar) or 67% ( which was Hutchinson’s share in the Hutch-Essar partnership).

Be sure to check in here for regular updates.

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2 Responses to “Exclusive!!!!!!!!- Vodafone acquires Hutch”

  1. […] by tggokul on March 8th, 2007 Vodafone’s acquisition of Hutch has been challengedĀ in the courts by a local watchdog group. Their contention is that the […]

  2. […] a lot of sense for Vodafone to acquire Vonage. But they are currently in a big soup. They have acquired an Indian mobile operator Hutchinson recently for nearly 17 billion and sources say that the board […]

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