Telco Roundup: Hindujas India Licence; MTNL-Suntel Sri Lanka; Airtel-Qatar Licence

Entities Mentioned

• Airtel
• Vodafone
• Unitech
• Videocon
• Maldives
• Batelco
• Reliance Industries Limited
• TiE

1. - The Hindujas are believed to be eying a national level telecom licence in India, after others like Videocon, HFCL, BPL, Parsvnath, DLF, Unitech, Indiabulls and others, reports Moneycontrol. The Hindujas had sold their 5 percent stake in Essar for $200 million in 2006, and later tried to buy Hutch alongwith Russian telco Altimo and Qatar Telecom. As per the report, the Hindujas would be open to a foreign tie-up, but are likely to hold on to a majority stake.
   
   
   - Public sector telco MTNL has submitted a bid in the range of $100-120 million to ... (Read Full Article)
   
   

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