Рубрикатор |
Все новости | World News |
Vodafone Pays $5 Billion to Buy Out its Indian Shareholders
31 марта 2011 |
In a terse statement that lacked any of the usual chatter about how happy everyone is with the deal, Vodafone has announced that it is paying US$5 billion to buy 22% of its Indian subsidiary. The transaction occurred after co-shareholder, Essar Group exercised its underwritten put option over 22% of Vodafone Essar Limited (VEL)
Following the exercise by the Essar Group of its put option, Vodafone has exercised its call option over the remaining 11% of VEL owned by the Essar Group resulting in a total cash payment of US$5 billion. Final settlement is anticipated to be no later than November 2011.
Vodafone Group's published net debt figure already includes this US$5 billion.
Suspicions that Essar Group was looking to do something with its stake have heightened recently after the group repaid debt that was secured on its 11% stake in the mobile network. It had also been seeking to merge the two indirect holding companies that owned the shares in a move which was opposed by Vodafone as it was thought the company might seek a valuation greater than the US$5 billion put option.
The Essar Group is also named in the ongoing telecoms scandal that has rocked India and was accused earlier this week of using Loop Telecom as a front company to buy its own GSM licenses in order to set up another mobile network of its own in competition with Vodafone.
Источник: Cellular news
Читайте также:
Vodafone и Microsoft подписали соглашение о стратегическом партнерстве
Впервые продемонстрирована технология интегрированных SIM-карт для смартфонов
Accenture совместно с Generali и Vodafone Business предложит киберстрахование
5G-частоты в Испании распроданы за €1 млрд
Vodafone и Qualcomm готовят диверсификацию вендоров Open RAN
Оставить свой комментарий:
Комментарии по материалу
Данный материал еще не комментировался.