Hutchison buys Indian wireless carriers

09/27/2005 | Bloomberg · Wall Street Journal, The

Hutchison Essar, a joint venture between Hong Kong's Hutchison Telecom and India's Essar Group, said it would buy BPL Mobile Communications and BPL Mobile Cellular for about $1.15 billion. The deal makes Hutchison Essar the third-largest wireless carrier in India, a market seen as having enormous growth potential.

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