Essar May Lap Up BPL Mobile For $1.1 Billion

The Economic Times: BPL Mobile group is a leading mobile services provider in lucrative Mumbai city and in other states like Tamil Nadu, Kerala, Goa and Pondicherry. They are in the forefront of providing value added services like video clips, news and so on. But they are soon going to have new owners. Essar group, which also has stake in another telco Hutchison Telecom, is the frontruner according to this story, and the valuation of the BPL mobile assets are something like $1.1 billion.

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