Technoglitch
Core Member
Has Sistema JSFC finally struck its long-rumoured deal to buy out all or part of Malaysian firm Maxis Communications Bhd’s 74% stake in Indian telco Aircel Ltd?
Both Sistema and Aircel deny that a deal is in the works, but the buzz around it just keeps getting louder.
A person closely associated with Aircel and familiar with the transaction claimed it had.
The Economic Times had earlier estimated the deal’s value at around $3 billion.
Consolidation has accelerated with the cancellation of 2G licenses by the Supreme Court.
Only six operators— most of them are established players—are bidding for the 2G licences. As many operators have shut shop or are in the process of doing the same. We are likely to see three to five serious players in the market in a few a years in line with global trends. The govt should facilitate consolidation in the long term interest of the industry so that there is fair competition by implementing clear M &A rules,” said, Hemant Joshi, partner at Deloitte, Haskins and Sells
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Both Sistema and Aircel deny that a deal is in the works, but the buzz around it just keeps getting louder.
A person closely associated with Aircel and familiar with the transaction claimed it had.
The Economic Times had earlier estimated the deal’s value at around $3 billion.
Consolidation has accelerated with the cancellation of 2G licenses by the Supreme Court.
Only six operators— most of them are established players—are bidding for the 2G licences. As many operators have shut shop or are in the process of doing the same. We are likely to see three to five serious players in the market in a few a years in line with global trends. The govt should facilitate consolidation in the long term interest of the industry so that there is fair competition by implementing clear M &A rules,” said, Hemant Joshi, partner at Deloitte, Haskins and Sells
For more:
