December 30, 2006

RelCom gets serious for Hutch bid

MUMBAI - Reliance Communications on Thursday declared its interest in mobile operator Hutchison Essar, as other bidders jostled for position in an estimated $17 billion takeover tussle.

Reliance Communications, India's second-biggest mobile services provider, had been singled out by Indian
media as an early contender for its smaller rival, and Chairman Anil Ambani said on Thursday it had received
commitments from global bankers for support for a potential bid.

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