Friday, October 28, 2005
Vodafone buys 10% stake in Bharti
Vodafone bought 10% in Bharti Televentures Ltd. for $1.5bn, the largest acquisition in India till date. With this deal Warburg Pincus sold off all of its state in Bharti.
The deal is a hallmark in Indian Telecom Industry, because it marks the coming of age of the industry and of foreign players becoming interested in investment in India.
What remains to be seen is what would be the long term goals of Vodafone vis-a-vis BTVL.
The deal is a hallmark in Indian Telecom Industry, because it marks the coming of age of the industry and of foreign players becoming interested in investment in India.
What remains to be seen is what would be the long term goals of Vodafone vis-a-vis BTVL.
|| crawled by kpowerinfinity, 5:39 pm
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