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Home  » Business » Rel Comm eyes Hutch-Essar buyout

Rel Comm eyes Hutch-Essar buyout

Source: PTI

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 2026 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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