BANGALORE, India AT&T Wireless is selling the 33- percent equity stake in Idea Cellular, India's fifth- largest, GSM-based service provider. The wireless carrier will be sold to Singapore Technologies Telemedia (STT) and Telekom Malaysia, according to reports here quoting Idea executives.
The sale is expected to net between $200 million and $350 million, according to the reports. Idea has about 3.85 million customers, and is said to be in talks to buy out smaller service providers in other parts of India.
Other shareholders in Idea are the Tata Group and the A.V. Birla Group, both holding 33 percent each of Idea. AIG Holdings owns the remaining 1 percent.
Discover the benefits of scalable backbone and network services for application and cloud providers.
Network automation is gaining momentum. Here's how you can drive this powerful technology to its full potential.
Subsea cable alternatives can provide a level of comfort for those concerned about disruptions. Realistically, they will continue to play a small, but critical role in the short term.
