ABTL receives cabinet approval to offload 20 % Idea stake to Providence Equity

Welcome Guest	Login \| Register \| Site Map \| \| Make TelecomTiger my homepage

Corporate

ABTL receives cabinet approval to offload 20 % Idea stake to Providence Equity

TT Correspondent | New Delhi | 17 Oct 2008

The Cabinet approved Providence Equity Partners’ proposal to acquire 20 % stake in Aditya Birla Telecom Ltd. (ABTL) which is a unit of Idea Cellular.

ABTL has licences for Jharkhand and Bihar circles.

Additionally the cabinet also approved Idea’s proposal to transfer its 16 % stake in Indus Towers to ABTL.

17 Oct 2008(IST)

Comments

Comment

Your comments are Welcomed.

Name (required)

Enter Name Please

Email address (required)

Enter Email Please Enter Valid Email

Enter Below Code :

Whitepaper

Maintain Business Continuity with Cisco ASR 9000 nV Technology
It is a virtual chassis solution where a pair of ASR 9000 routers acts as a single device by maintaining a single contr...read more


Simplify Your Network with Cisco ASR 9000 nV Technology
With the new Cisco Network Virtualization (nV) technology in the Cisco ASR 9000 Series Aggregation Services Routers, se...read more


Cisco Small Cell Solution: Reduce Costs, Improve Coverage
It is designed to address the challenge of mobile service coverage and to expand network capacity...read more