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Essar bid for Hutchison may squeeze out Vodafone

Essar Teleholdings reportedly is at odds with Hutchison Telecom over a right of refusal clause relating to the sale of Hutchison Telecom's 67% stake in the joint venture. Essar's reported $11 billion bid is believed to decrease Vodafone's chance of acquiring the stake.

Business Standard (India) | 01/03

This story published in USTelecom dailyLead on 01/03/2007

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