Top Story

e4m_logo.png

Home >> Digital >> Article

Hutch wants to consolidate all group companies

15-June-2004
Font Size   16
Share
Hutch wants to consolidate all group companies

Hutchison Max Telecom (HMTL) has filed an application with the Foreign Investment Promotion Board (FIPB) for the Hutchison Essar Telecom group of companies to consolidate its various telecom interests in India under a single entity.

The application is to allow the shareholders of Hutchison Essar Telecom Limited (Delhi), Fascel Limited (Gujarat), Hutchison Telecom East Limited (Kolkata), Hutchison Essar South Limited (AP, Karnataka, Chennai, Punjab, UP West, West Bengal) and Aircel Digilink India Limited (UP East, Rajasthan, Haryana) to transfer all their shares in these companies to HMTL and then become shareholders of HMTL.

The consolidation will create one of the largest mobile operations in the country, which can derive many operating synergies. The combined subscriber base of the entity at the end of May was 5.6 million and the licensed areas cover approximately 56 per cent of India's population and about three-fourth of its purchasing power.

Tags

NP Singh, CEO of Sony Pictures Networks India, talks of SPN’s growth drivers, pay wall for content, sharing IP and more…

The future of the industry will be 1:1 advertising as traditional channels, like television, become more addressable: Bryan Kennedy, Epsilon

The Founder of Pocket Aces shared his insights on how the consumption of content has evolved and how digital media is growing as the preferred medium of entertainment.

The production house has already established itself as the leader in the non-scripted genres. However, Rege now wants Endemol to achieve the same in the original scripted zone and film production

A look at the South Indian movies which boosted the viewership of certain channels in week 45 (November 4-10)

The Indian advertising industry currently stands at Rs. 56,398 crore, predicted to grow at a rate of 14 per cent by 2017

Naidu also talks about the ushering in of a new era of digital payments and says this is just the beginning and there’s lots of space for newer players to step in and evolve