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Orascom, Qtel Indian bid
- Egypt: Wednesday, December 27 - 2006 at 07:38
Egypt's Orascom Telecom and Qatar Telecom will put in a joint bid for a controlling stake in Hutchison Essar, the Indian mobile phone services unit of Hong Kong's Hutchison Telecommunications International, the Economic Times reported. The UK-based Vodafone Group PLC has said it might bid, while India's Reliance Communications and several private-equity firms are reportedly preparing bids.
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James McInerney, News EditorWednesday, December 27 - 2006 at 07:38 UAE local time (GMT+4)
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This article was updated on Sun Jan 14 2007.
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