Hutch Vodafone Takeover
After months of pitched battle, British mobile telecom major Vodafone Monday formally said it is buying a 67-percent stake in India’s fourth largest mobile firm Hutch-Essar for $11. 1 billion and targeting a 25-percent market share in the country in five years. The London-headquartered company, that submitted a formal bid to the Hutchison Whampoa group midnight Friday, had earlier offered to pay $19 billion for […]