Spice May Raise Dubai Listing; Posturing For a Pan-India License?

Entities Mentioned

• Vodafone
• Spice
• Bloomberg
• Spice Communications

1. [by Cerius Shah] Spice, who operates in India via a JV with Telekom Malasia, which holds 39.2% stake, plans to raise $500 million through a Dubai IPO.
   
   According to this Bloomberg report, this would make it the first Indian company to sell shares in the Middle East. They plan to shed off 20 percent in the second half of 2009. Funds raised will be used to sell handsets and wireless services including ringtones, mobile entertainment news and also for M&A.;
   
   
   Financial products that adhere to Islamic laws raised $250 billion globally as of ... (Read Full Article)
   
   

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