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This article was first published 18 years ago

Rel Comm eyes Hutch-Essar buyout

Source: PTI

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December 28, 2006 16:36 IST

Formally throwing its hat in the Reliance Communications said it was looking to acquire its rival Hutch-Essar and has received funding support for the proposed deal.

RCom Chairman Anil Ambani said his company had received strong financial support

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from leading bankers all over the world.

"This I believe is a strong endorsement in our company and in India's telecom growth," he said, adding that "there is no certainty on the Hutch-Essar proposal on when and how it will be completed."

Source: PTI© Copyright 2025 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

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