Get Updates
Get notified of breaking news, exclusive insights, and must-see stories!

Hutchison gets interest in Indian asset: Source

London, Dec 21: Hutchison Whampoa has received expressions of interest from potential bidders for its Indian mobile phone business Hutchison Essar, a source familiar with the situation told Reuters on Thursday.

However, the source said Hutchison was unlikely to sell at the prices indicated by potential suitors so far.

The Financial Times newspaper reported, without naming its sources, that British mobile phone giant Vodafone was considering a .5-billion-plus offer for Hutchison Essar and that this was likely to spark a counter-offer from India's Reliance Communications.


Reuters

Notifications
Settings
Clear Notifications
Notifications
Use the toggle to switch on notifications
  • Block for 8 hours
  • Block for 12 hours
  • Block for 24 hours
  • Don't block
Gender
Select your Gender
  • Male
  • Female
  • Others
Age
Select your Age Range
  • Under 18
  • 18 to 25
  • 26 to 35
  • 36 to 45
  • 45 to 55
  • 55+