Hutch completes BPL takeover

17 Jan 2006

Hong Kong’s Hutchison Telecommunications says that its mobile joint venture in India has completed the purchase of the cellular assets of rival BPL Mobile. Hutchison Essar Telecom (HET), a partnership between Hutchison and India’s Essar Group, paid USD1.15 billion for sister companies BPL Mumbai and BPL Cellular, which together constitute the country’s fifth largest GSM provider. At the end of 2005, BPL Mumbai and BPL Cellular claimed 2.81 million customers in Mumbai, Maharashtra, Tamil Nadu and Kerala.