Financial Daily from THE HINDU group of publications
Thursday, May 12, 2005
Financial Daily from THE HINDU group of publications Thursday, May 12, 2005 |
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Info-Tech
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Telecommunications BPL Mobile likely to induct equity partner Our Bureau
Bangalore , May 11 THE Rajeev Chandrasekhar-managed BPL Communications Ltd may announce an equity transaction to induct a strategic partner for the mobile telecom business in the next two to three weeks. The company sources said talks were on with three contenders - Essar, STT and Vodafone - and it is yet to narrow down a single potential partner. "The management has substantially high shareholding in the flagship BPL Communications Ltd as well as the two operating subsidiaries - BPL Mobile & BPL Mobile Cellular," sources said. The Company Law Board has turned down BPL Group patriarch Mr T.P.G. Nambiar's plea to restrain his son-in-law, Mr Chandrasekhar, from transferring and selling shares of various telecom companies.
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