C Sivsankran is an ambitious and cut-throat business man. ET reports that he is hitiing the JackPot again.(Recollect he has already built and sold DishNetDSL to Tatas after he was unsuccessful to win controlling stake in VSNL from the Government of India). He was in talks with the Hutchinson group earlier this year to sell Aircel(T.N & Chennai circles) a deal which was valued at Rs2,860 crores. (Rs14,300/subscriber) with 20 Lakh subscriber base.
Who is Buying Aircel ? Malaysian Billionaire and Telecom Barron, Ananda Krishnan’s Maxis Telecom is closing the Aircel deal @ Rs3,600 crores. Maxis has taken the right step in entering India considering future growth and synergies in the two networks.
Will C Sivsankaran step in Forbes Billionaires list now ? Hardly matters to him.