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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. Guardian (London), The (01/03), Business Standard (India) (01/03)