India&#39;s Tata Group Acquires Tyco Network At Bargain Price
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com. In a new indication that the sale of US-built telecommunications infrastructure to foreign interests at fire-sale prices is continuing, Tyco International announced Monday that it is selling its Tyco Global Network to India&#39;s Tata Group.
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Indian business conglomerate Tata Group has confirmed its interest in purchasing the Jaguar and Land Rover units of Ford, making Tata the first company to publicly suggest it would pursue the brands.
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BERLIN: BT Group Plc, Britain&#39;s largest phone company, plans to buy Infonet Services Corp. for US$965mil to add a data network spanning more than 180 countries.
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India's biggest private steel firm Tata Steel is in talks to acquire Anglo-Dutch steel giant Corus Group in a deal anticipated to be worth more than 10 billion dollars, newspaper reports said.
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BT Group Plc will buy Infonet Services  Corp. for $965 million in cash, giving the UK's top fixed-line  telecoms company 1,800 multinational corporate clients and an  expanded presence in the United States and Asia.
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New Delhi, Nov 8. (PTI): British Telecom (BT) announced today that it has signed an agreement to acquire Infonet, a leading provider of IT and telecom services, for a consideration of $865 million.
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The Thomson Corp. of Stamford, Conn., will acquire KnowledgeNet Inc., a privately held live e-learning company, and merge it with its enterprise learning business, Thomson NETg.
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BT Group PLC said Monday it is buying U.S.-based Infonet Services Corp., in a deal that values the company at $965 million.
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Electronic publisher Thomson Corp. said Friday that it signed a definitive agreement to purchase KnowledgeNet Inc., a privately held e-learning company, and merge it with the company&#39;s business education unit, Thomson NETg.
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Lakshmi Mittal, the steel tycoon, announced a deal to form a $21bn (Â£11bn) giant of the industry yesterday, dubbed the &quot;first super-major&quot; the sector has seen.
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London - Indian-born billionaire Lakshmi Mittal has agreed to acquire the US&#39;s International Steel Group for about $4.5 billion (R27.
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The deal for Hutchinson Essar, one of Indiaâs fastest growing telecommunications companies, values the company at around $19 billion.
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Ispat International, the steel producer controlled by the Indian billionaire Lakshmi Mittal, today announced it had agreed to buy LNM Holdings and International Steel Group in
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London-based BT Group PLC said Monday it will strengthen its presence in North America and Asia by buying Infonet Services Corp., an international managed voice and data network services provider, for $965 million.
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The Tata group on Wednesday vaulted to the top business group in the country in terms of market capitalisation. With Tata Consultancy Services clocking an individual capitalisation of Rs 47,232 crore (Rs 472.
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Softbank Corp. said Tuesday it will acquire Cable &amp; Wireless IDC Inc., a Japanese unit of British telecommunications firm Cable &amp; Wireless PLC, for 12.
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(InfoWorld) - British mobile services operator Vodafone Group will acquire a majority stake in Hutchison Essar, winning aÂ heated bid for controlÂ of the Indian mobile services operator. Vodafone announced late Sunday that it has agreed to acquire companies that control a 67 percent stake in Hutchison Essar from Hutchison Telecommunications International, a subsidiary of Hong Kong's Hutchison Whampoa. Hutchison Telecommunications holds a majority stake in Hutchison Essar both directly and through a joint venture company in which Indian partners hold shares. Vodafone will pay $11.1 billion in cash for the acquisition, along with assuming $2 billion in debt, through its subsidiary Vodafone International Holdings. The transaction is expected to close in the second quarter of this year, and is conditional to Indian regulatory approval, it said. Hutchison's decision came over the weekend, after it evaluated bids from four key contenders including Indian mobile services provider Reliance Communications, the Hinduja Group of the U.K., and Indiaâs Essar Group, which holds 33 percent in Hutchison Essar, according to informed sources. Vodafone will offer to acquire the Essar Groupâs stake at the same price per share it is offering Hutchison, the company said. Indian regulations however do not allow foreign operators to hold more than 74 percent of the equity in an Indian telecommunications service provider. If the Essar Group sells its stake, Hutchisonâs local partners, which together have a 15 percent interest in Hutchison Essar, will increase their interest to 26 percent, Vodafone said. The Essar Group said in its statement late Sunday that it was evaluating an offer from Vodafone to be a partner. The Essar Group has the option to continue as an equity holder in Hutchison Essar or sell its stake along with Hutchison Telecommunications. Vodafone has been seeking Hutchisonâs stake since December last year, and in January the companyâs CEO,Â Arun Sarin visited India to press its caseÂ with the Indian government and business partners here. India is adding over 6 million new mobile subscribers every month. Hutchison Essar had 23.3 million customers as of December 31, 2006, which gave it a 16.4 percent market share. Vodafone also offered Sunday to sell its stake of 5.6 percent in Bharti Airtel, also a large Indian mobile services operator, to another company of the Bharti Group for $1.6 billion, double the price for which itÂ acquired the stake in 2005. It also announced a memorandum of understanding with Bharti Airtel for infrastructure sharing with Hutchison Essar.