Top Story

e4m_logo.png

Home >> Digital >> Article

Hutch wants to consolidate all group companies

15-June-2004
Font Size   16
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

Sidharth Gupta, Co-founder, Treebo talks about their outdoor campaign ‘Perfect stay or don’t pay’, what prompted this bold advertising move, its targeting, and the metrics that the brand utilizes to measure the efficacy of such a campaign

Vijay Mansukhani, speaks to exchange4media about the resurgence of Onida, the scope of growth of consumer electronics market in India and the reasons why Indian consumer electronics brands don’t compete on a global scale

Projjol Banerjea opens up about hiring Anne Macdonald and GroupM's Rob Norman, and the brand's new identity

Meera Iyer tells exchange4media that in FY 2016/17, bigbasket clocked a revenue of Rs 1,400 crore. The online supermarket currently stands at 70,000 orders a day, with operations in 25 cities.

The announcement regarding this was made on Twitter by Sukumar Ranganathan, Editor-in-Chief, Hindustan Times, and Shekhar Gupta, Founder, The Print

The website promises to bring fast, reliable, insight-rich analysis in times when the readers are flooded with ‘breaking news’, and great conversations among an elite community of opinion leaders

The network has based its claim on Broadcast Audience Research Council (BARC) all India data (U+R) from April 2017 to March 2017 (full year average)