Hindujas who exited out of Hutch in a shady deal, have said that they see a great potential in Indian GSM based mobile market and want to re-enter if they good stake at the right price – right price ? I doubt if Hindujas know what the right price is, oho well that’s all you can expect from a lifetime Trader who hardly understands what Manufacturing or Services is 😉
Reliance Communications want to grow beyond India. It has stuck deal in Saudi Arabia earlier this week and now it wants to provide GSM based services in Sri Lanka. The going may not be easy in Sri Lanka as Malaysian Maxis Telecom and Singapores SingTel are also in the race. I would request Anil Ambani to first bring transperency by declaring quarterly results of Reliance Communications 😉
And ofcourse the Tatas are also expanding. I seriously doubt what Ratan Tata’s Telecom dreams are with inter company investments and holdings to launder money and have half a dozen companies to operate under, viz Tata Indicom, Tata Tele Services, Tata Telecom, Tata Power Broadband, VSNL and Idea Cellular from which they have exited.