Tyco to Sell its Tyco Global Network to India&#39;s VSNL for $130 ...
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PEMBROKE, Bermuda, Nov. 1 /PRNewswire-FirstCall/ -- Tyco International Ltd. has agreed to sell its Tyco Global Network to Videsh Sanchar Nigam Limited (VSNL), India&#39;s leading telephone and internet services provider, for $130 million.
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China Network Systems, Taiwan's largest  cable TV operator, has decided to sell itself to MBK Partners,  in a deal expected to fetch up to $1.6 billion, according to  media reports on Monday.
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BARCELONA/MUMBAI  - Vodafone Group Plc  has won the battle for a controlling stake in India's No.4 mobile operator Hutchison Essar with a bid that values it at around $19 billion including debt, a source and India's Essar group said on Sunday.
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Tata Motors Ltd.&#39;s new listing on the New York Stock Exchange will help India&#39;s biggest maker of trucks and buses add investors, raise capital for acquisitions and improve its corporate
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(InfoWorld) - British mobile services company Vodafone Group has reserved the right to terminate its agreement with Hutchison Telecommunications International Ltd. (HTIL), if a "prohibition" comes in the way of the closure of itsÂ $11.1 billion acquisitionÂ of a controlling stake in Hutchison Essar, an Indian mobile services company. In a filing to the Hong Kong stock exchange, HTIL has said that the agreement between Vodafone and HTIL provides for "certain termination rights arising as a result of circumstances tied to the existence of a prohibition." Prohibition shall have the meaning ascribed to such items in the agreement that have the effect of prohibiting or restraining the parties from consummating their transaction, it added. Although it does not specify what kind of prohibitions could arise, a lawsuit or other litigation relating to the merger could be interpreted as such. India's Essar Group, which holds 33 percent of the equity in Hutchison Essar, is said to be unhappy with some of the terms of the deal, particularly Vodafone's plans to take Hutchison Essar into an infrastructure sharing arrangement with Bharti Airtel, another Indian mobile services provider. Essar, which also claims the right to first refusal for HTIL's sale of equity in Hutchison Essar, may also move Indian courts, according to informed sources. HTIL entered into an agreement Sunday to sell to Vodafone subsidiary, Vodafone International Holdings, its entire direct and indirect equity and loan interests, held through subsidiaries, in Hutchison Essar. Vodafone announced that the transaction would give it an economic interest of 67 percent in the Indian company, in exchange for $11.1 billion in cash and assumption of $2 billion in debt. In its filing, HTIL said that the transaction is to be completed on April 2, or the sixth business day after conditions such as approval by India's Foreign Investment Promotion Board (FIPB) have been satisfied or waived. HTIL and Vodafone were not immediately available for comment. VodafoneÂ CEO Arun Sarin is in IndiaÂ Wednesday to meet with Indian government officials and also possibly executives of the Essar Group. Vodafone has offered to buy the Essar Group's stake in Hutchison Essar, though Sarin said in a conference call Sunday that he would prefer if they stayed on as partners. Sarin also said Wednesday in Delhi that Essar does not have right of first refusal on the deal.
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&quot;The PIC is being sold to consumers through service providers, like VSNL, which is a different approach for computing devices,&quot; said Shane Rau of IDC.
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MUMBAI, NOVEMBER 1: India Inc is stepping up acquisitions abroad. In its latest shopping abroad, Tata group firm Videsh Sanchar Nigam Ltd (VSNL) has signed an agreement to buy Bermuda-based Tyco Global Network
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News Corp., the media company controlled by Rupert Murdoch, agreed to sell eight of its Fox network-affiliated television stations in the United States to Oak Hill Capital Partners for about $1.1 billion in cash.
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SAN FRANCISCO (CBS.MW) -- NTL Inc. said late Wednesday that it has agreed to sell it broadcast business for 1.27 billion pounds ($2.46 billion) to a consortium led by Macquarie Communications Infrastructure Group.
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Citigroup  is keen on selling 80  percent of its business process outsourcing (BPO) arm in India  for $700-$750 million, the Mint said on Tuesday, on the heels  of Blackstone&#39;s  acquisition of a back-office firm.
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British telecommunications company Cable &amp; Wireless PLC is selling its Japanese business to Tokyo-based broadband services provider Softbank Corp. for 12.3 billion yen (&#36;115 million).
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Rupert Murdoch's News Corp. Ltd.  NCP.AX will sell its stake in Sky Latin America to DirecTV  Group DTV.N, another company which it controls, for $579  million in order to consolidate operations of the two satellite  broadcasters, the companies said on Monday.
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British telecommunications company Cable &amp; Wireless PLC is selling its Japanese business to Tokyo-based broadband services provider Softbank Corp.
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Mexico&#39;s Cemex plans to sell two cement plants in the United States to Brazil&#39;s Votorantim Cimentos for $400 million to ease its debt burden as it makes a major acquisition in Britain.
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NEW YORK, December 13  - Cingular Wireless, a joint venture between SBC Communications (SBC.NYS) and BellSouth Corporation (BLS), has agreed to sell its 33% stake in Indiaâs fifth-largest mobile operator, Idea Cellular, to Singapore
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MILAN (Dow Jones)--Australian-based media company News Corp. (NWS) Tuesday said it paid EUR88 million to buy Telecom Italia SpA&#39;s (TI) 19.
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BT Group confirmed this morning it is to buy the Californian telecoms group Infonet Services Corp for Â£965 million. The news followed reports which said that the UK telecoms