Vodafone completes acquisition of Hutch Essar
Vodafone, the leading mobile network operator, has announced that it has completed the acquisition of Hutch Essar.
By PTI |
LONDON: Vodafone, the leading mobile network operator, has announced that it has completed the acquisition of Hutch Essar.
Vodafone will pay $10.9 billion in cash to Hutchison Telecommunications International Limited (HTIL), reflecting retention and closing adjustments agreed between them.
Commenting on the transaction, Arun Sarin, Chief Executive of Vodafone said, "I am delighted that, having secured all the necessary regulatory approvals, we are now able to complete this important transaction and move onto the process of integration. India is a tremendously exciting, fast moving market and I am confident that the Hutch Essar business will make a major contribution to the Vodafone Group over the coming years."
Start a SIP with as low as ₹500 with ET Money App!
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
