NORWAY'S TELENOR BUYS UNITECH'S TELECOM FIRM
Norway-based Telenor, the world’s seventh largest telecom operator with a subscriber base of about 159 million, has bought new-generation telecom company Unitech Wireless by paying Rs 6,120 crore for a 60 per cent stake. The deal puts the enterprise value of the company, which holds a licence for 22 circles and is yet to roll out its services, at Rs 11,620 crore.
Business Standard
Showing posts with label Idea Cellular. Show all posts
Showing posts with label Idea Cellular. Show all posts
Friday, October 31, 2008
Tuesday, July 29, 2008
PE DEALS SURGE 55% in H1 2008 DRIVEN by REALTY SECTOR
Private equity investments in the country witnessed an increase of 55 per cent in terms of value to touch $10.4 million during the first six months of this year, driven by significant deals announced in the realty and infrastructure sector. Overall, there were 207 deals worth $10.4 billion during first half of 2008, as against 178 transactions with a value of $ 6.69 billion during the corresponding period a year-ago.
Business Standard
Private equity investments in the country witnessed an increase of 55 per cent in terms of value to touch $10.4 million during the first six months of this year, driven by significant deals announced in the realty and infrastructure sector. Overall, there were 207 deals worth $10.4 billion during first half of 2008, as against 178 transactions with a value of $ 6.69 billion during the corresponding period a year-ago.
Business Standard
Sunday, June 29, 2008
IDEA-SPICE DEAL 4th LARGEST M&A IN INDIA
The buyout of Spice Telecom by Idea Cellular is the fourth largest merger and acquisition deal involving an Indian entity and may be a pre-cursor to more such transactions in the telecom space.
The Financial Express
The buyout of Spice Telecom by Idea Cellular is the fourth largest merger and acquisition deal involving an Indian entity and may be a pre-cursor to more such transactions in the telecom space.
The Financial Express
IDEA GETS SPICE FLAVOUR
It’s consolidation time in India’s booming telecom industry. Idea Cellular, the fifth largest mobile operator in terms of subscriber base, is acquiring 40.8 per cent stake in its smaller rival Spice Communications for Rs 2,716 crore. The deal will help Malaysian telecom major TM International (TMI) to convert its 32 per cent stake in Spice Communications to Idea shares. In other words, TMI will hold 18-20 per cent stake in Idea after the Aditya Birla group firm merges Spice with itself.
Hindustan Times
It’s consolidation time in India’s booming telecom industry. Idea Cellular, the fifth largest mobile operator in terms of subscriber base, is acquiring 40.8 per cent stake in its smaller rival Spice Communications for Rs 2,716 crore. The deal will help Malaysian telecom major TM International (TMI) to convert its 32 per cent stake in Spice Communications to Idea shares. In other words, TMI will hold 18-20 per cent stake in Idea after the Aditya Birla group firm merges Spice with itself.
Hindustan Times
Sunday, December 30, 2007
India Inc sells record shares in '07
Indian Companies sold shares worth a record 451.37 billion rupees in 2007 through public issues, with real estate Companies dominating the initial public offer (IPOs) route, a primary market monitoring firm said on Wednesday. The amount raised in 2007 was 83 per cent higher than last year's mobilisation of 246.79 billion rupees, Prime Database said in a statement.
The Financial Express
http://www.financialexpress.com/news/
India-Inc-sells-record-shares-in-07/254448/
The Financial Express
http://www.financialexpress.com/news/
India-Inc-sells-record-shares-in-07/254448/
Saturday, June 09, 2007
The IndusView Publication - Volume 3, Issue 7
Indian Airspace: More Planes, Fewer Names
Market dynamics can create strange bedfellows. Kingfisher Airlines, a subsidiary of UB Group, India's largest alcoholic spirits manufacturer is looking to acquire Deccan Aviation, India’s top low-cost carrier to become India’s largest airline with a 34% market share. The transaction will bring together two contrasting companies. Kingfisher, run by Vijay Mallya, India’s flamboyant entrepreneur often compared with the U.K.’s Richard Branson and Air Deccan founded by Capt. G. R. Gopinath, a former Indian Army Officer who popularized low-cost air travel in India.
The merger follows the recent acquisition of Air Sahara by Jet Airways, until now, India’s largest private sector airline with a 32% market share, and the merger of two state owned carriers Air India and Indian – to create the National Aviation Company of India (NACIL).
The wave of airline consolidation we first predicted in Vol3 | Issue 5 clearly continues.
Wireless Telecoms: Size Matters
Consolidation also continues in the wireless sector, evident from the expected merger of Idea Cellular Ltd owned by Aditya Birla Group, one of India's largest diversified conglomerates, with Spice Telecom, which is 49% owned by South East Asia’s second largest phone company Telekom Malaysia Bhd.
Idea Cellular and Spice Telecom will have a combined subscriber base of 17.3 million in 11 circles making it the fifth largest mobile operator, surpassing Tata Teleservices Ltd, part of the Tata group, India's largest private sector business group.
The world’s fastest growing mobile phone market, which is expected to more than double to 348 million subscribers by 2010 has undergone consolidation worth more than $12 billion in transaction value so far this year compared with $2 billion last year. The most significant deal has been the acquisition of Hutchison Essar Ltd, second largest GSM mobile service provider, by the U.K.’s Vodafone Group Plc.
Real Estate: Billion Dollar Opportunities
General Electric Company (GE), the world’s second largest company by market value, is boosting its commitment to India’s real estate market by allocating $2 billion for real estate projects such as townships, special economic zones (SEZs), information technology (IT) parks, retail and residential developments.
Industry experts forecast demand, precipitated by India’s burgeoning Information Technology (IT) industry, for as many as 80 million housing units over the next 15 years and 200 million square feet in office space in the next five years.
More insight into India’s property market can be gotten from the Company Watch section of this issue where we’ve profiled DLF Ltd, India’s largest real estate developer slated to have the country’s largest initial public offering (IPO) when it lists $3 billion worth of new shares this month.
Bundeep Singh Rangar
Chairman, IndusView
Bundeep.Rangar@IndusView.com
www.indusview.com
www.rangar.com
Market dynamics can create strange bedfellows. Kingfisher Airlines, a subsidiary of UB Group, India's largest alcoholic spirits manufacturer is looking to acquire Deccan Aviation, India’s top low-cost carrier to become India’s largest airline with a 34% market share. The transaction will bring together two contrasting companies. Kingfisher, run by Vijay Mallya, India’s flamboyant entrepreneur often compared with the U.K.’s Richard Branson and Air Deccan founded by Capt. G. R. Gopinath, a former Indian Army Officer who popularized low-cost air travel in India.
The merger follows the recent acquisition of Air Sahara by Jet Airways, until now, India’s largest private sector airline with a 32% market share, and the merger of two state owned carriers Air India and Indian – to create the National Aviation Company of India (NACIL).
The wave of airline consolidation we first predicted in Vol3 | Issue 5 clearly continues.
Wireless Telecoms: Size Matters
Consolidation also continues in the wireless sector, evident from the expected merger of Idea Cellular Ltd owned by Aditya Birla Group, one of India's largest diversified conglomerates, with Spice Telecom, which is 49% owned by South East Asia’s second largest phone company Telekom Malaysia Bhd.
Idea Cellular and Spice Telecom will have a combined subscriber base of 17.3 million in 11 circles making it the fifth largest mobile operator, surpassing Tata Teleservices Ltd, part of the Tata group, India's largest private sector business group.
The world’s fastest growing mobile phone market, which is expected to more than double to 348 million subscribers by 2010 has undergone consolidation worth more than $12 billion in transaction value so far this year compared with $2 billion last year. The most significant deal has been the acquisition of Hutchison Essar Ltd, second largest GSM mobile service provider, by the U.K.’s Vodafone Group Plc.
Real Estate: Billion Dollar Opportunities
General Electric Company (GE), the world’s second largest company by market value, is boosting its commitment to India’s real estate market by allocating $2 billion for real estate projects such as townships, special economic zones (SEZs), information technology (IT) parks, retail and residential developments.
Industry experts forecast demand, precipitated by India’s burgeoning Information Technology (IT) industry, for as many as 80 million housing units over the next 15 years and 200 million square feet in office space in the next five years.
More insight into India’s property market can be gotten from the Company Watch section of this issue where we’ve profiled DLF Ltd, India’s largest real estate developer slated to have the country’s largest initial public offering (IPO) when it lists $3 billion worth of new shares this month.
Bundeep Singh Rangar
Chairman, IndusView
Bundeep.Rangar@IndusView.com
www.indusview.com
www.rangar.com
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