NEWS /
|
Idea Cellular has announced acquisition of rival mobile operator Spice Communications in a deal entailing purchase of a 40.8 per cent stake for over Rs. 2,700 crore in shares and cash. Besides, Idea will also make an open offer, along with Telekom Malaysia, to acquire a further 20 per cent stake in Spice for over Rs. 1,000 crore, while the Malaysian firm would be alloted over 46.4 crore Idea shares on preferential basis for about Rs. 7,300 crore. Idea will also pay Rs. 543.97 crore as a non-compete fee to Mcorpglobal. Idea, along with Telekom Malaysia and its subsidiaries as persons acting in concert (PACs), will also make an open offer for an additional 20 per cent stake in Spice. Idea said that the merger of Spice with itself would be based on an exchange ratio of 49 Idea shares for every 100 shares of Spice, which would be subject to all regulatory approvals, including the Department of Telecommunications. |
Mixx
Facebook
Twitter
Digg
delicious
reddit
MySpace
StumbleUpon
LinkedIn
Interactive canvas livens The Starry Night painting by Van Gogh
Although a far fetched thought, stirring the starry sky with your finger tips or hands could be an exhilarating ...
Chinese mobile marketing company, Madhouse launches in India
Buying Metro tickets through NFC could be a reality by 2016
Citrix CloudStack 3 to offer Amazon-style clouds to customers
Protests erupt across Europe against web piracy treaty
Google is getting new test labs and 'Experience Center' at Googleplex
U.S government agency replaces BlackBerry with iPhone
Leaked Images, Availability, Pricing,
Specs, Pre-order
How time flies. A few weeks ago the BlackBerry world was mad at RIM for a massive 3-day outage. Now,...
15 Feb, 2012, 11:17 AM IST
6.5
We had the opportunity of getting a sneak peek at Asus’s X79 line-up, back in October 2011, first hand and ...
The Darkness II - Fear of the Dark
WD Scorpio Blue 1TB (WD10JPVT) Review
Gigabyte readying affordable dual SIM droid for MWC
15 Feb, 2012, 06:16 PM IST
Motherboard manufacturers, Gigabyte, are introducing a new, affordable Android phone. Called the GSmart ...
Authorities seize iPads over trademark dispute in China
Google, Yahoo! suspected of forex violation
HTC rumoured to be working on a streaming music service
iPad sales to surpass PCs, believes Apple CEO, Tim Cook
Sony hikes 2 Whitney Houston album prices on iTunes, apologizes
Top smartphones under Rs.10,000
Following our list of top smartphones under Rs.20,000 and Rs.15,000, we...
By Karan Shah
If one is in the market for a point and shot compact camera, they don’t...
Market Watch: Tablets (Feb 2012)
Tablets have been making rounds for a while now, but it wasn’t until a...
628 views
More from this Author
_011517074205_160x90.jpg "Epson Stylus Photo R3000")
Gigabyte readying affordable dual SIM...
HTC rumoured to be working on a streaming...
Authorities seize iPads over trademark...
iPad sales to surpass PCs, believes Apple...
About Us | Site Profile | Tech2 Team | IBNLive News | IBNLive Hindi News | Cricket News | Indian Stock Market | Policy | T & C
Copyright © 2011, Tech2.com India - A Network 18 India Venture
