1. BPL Sold 17% Stake For $80 Million To Fund Loop Stake, Mumbai Expansion

    Explore Article MediaNama.com (Sep 10 2008) Telecom

    Responding to an allegation at an arbitration hearing between Vodafone and the Essar Group, Essar has disclosed that BPL Mobile raised $80 million (around Rs. 357 crores), from a “Mauritius-based company owned by an internati... (Read Full Article)

    Comment on Article Mentions:   Telenor   Essar   Videocon

  2. BPL Mobile Sells 17% Stake To Unknown Mauritius Firm

    Explore Article VCCircle (Sep 10 2008) Mobile , Acquisition

    ...icense. These details have come out because of the ongoing arbitration proceedings between Vodafone Essar Ltd and the Essar Group over the ownership of BPL Mobile. "BPL believes that the capital issuance was not in violation of the operative interim orders of... (Read Full Article)

    Comment on Article Mentions:   Vodafone   Essar   Comments Post

  3. News Roundup:Telcos in loop for Loop Telecom & Others

    Explore Article VCCircle (Sep 2 2008) Acquisition

    ...elcom giant Telenor are eyeing the Ruias controlled Loop Telecom ( a fully owned subsidiary of BPL Mobile) for a strategic stake, reports Business Standard. Mumbai based Loop Telecom is one of the seven ......r pan-Indian mobile operations in 21 circles and has received start-up spectrum in six circles. The Essar group is also a partner in India’s fourth-largest mobile services company Vodaphone-Essar. With a subscriber base of 45.7 million, ... (Read Full Article)

    Comment on Article Mentions:   Wipro   Telenor   Essar

  4. Essar Seeks Telecom Licence For BPL

    Explore Article contentSutra.com (Sep 8 2007) Telecom

    ...apparently filed for a telecom licence under the name ShippingStop.com, a fully owned subsidiary of BPL Mobile, reports CNBC-TV18. Essar has direct investments of 9.9 percent in BPL, while funds allegedly close to Essar have stake in the co, and hence there appears to be a conflict of interest with Vodafone-Essar, and also something for the TRAI to look at, if Essar has holdings in both co's, even though their ... (Read Full Article)

    Comment on Article Mentions:   Datacom Solutions   HFCL Infotel   Essar

  5. Hutch Refuses Damages To Essar, Claims Right To BPL

    Explore Article contentSutra.com (Sep 5 2007) Mobile , Acquisition

    ...demanding saying that an injunction on the sale of its shares had hurt its shareholders. [via ET] BPL Mobile was acquired by the Ruias of Essar Group two years ago and was to be merged with Hutchison-Essar (HEL) but the deal didn't go through as Hong Kong-based Hutchison Telecom, which had a 67 per cent ... (Read Full Article)

    Comment on Article Mentions:   Essar   Hutchison Essar   BPL Mobile

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