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Article: Hutchison Essar Signs Agreements to Acquire BPL Mumbai, BPL Cellular and Spacetel.
- Article from:
- PR Newswire
- Article date:
- September 26, 2005
CopyrightCOPYRIGHT 2005 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HONG KONG, Sept. 26 /Xinhua-PRNewswire-FirstCall/ -- Hutchison Telecommunications International Limited ('Hutchison Telecom'; SEHK: 2332; NYSE: HTX) today announces that Hutchison Essar Limited ('Hutchison Essar' or 'the Company'), its joint venture in India with Essar Teleholdings Limited ('Essar Group') has entered into a binding conditional term sheet for the acquisition of BPL Mobile Communications Limited ('BPL Mumbai') and BPL Mobile Cellular Limited ('BPL Cellular'). It also announces that Hutchison Essar has entered into a conditional agreement to acquire Essar Spacetel Limited ('Spacetel'), a company that has applied for licences in seven licence areas not ...