Vodafone CEO, Arun Sarin said – Losers Club tried to derail the Hutch-Vodafone Deal earlier this year.
I really did not expect people — the ‘good and great’ of India — to be calling cabinet secretaries, ministers, to say, ‘You have to unwind this deal, because we want a piece of it.The billionaire losers’ club was trying to unwind the deal. What was fascinating was that there was absolutely no transparency to the process. What I didn’t count on was that the bureaucracy would kick in with this kind of evil spirit from our competitors who had lost. I was completely confident from a political standpoint we would have the blessing and air cover.
Who was the major contender for the Hutch block of shares with support from Buraucreats ? Bharti Televentures never competed. It can’t be Aircel, because Aircel’s then CEO, Jagdish Kini is an honorable man in Telecom circles. He made Karnataka the largest Telcom circle in India for Bharti Airtel in terms of subscribers. So all fingers now point to Anil Ambani. Quite possible going by his father’s track record.
Tags: Mobile India, Telecom India, Vodafone, Reliance