The latest reported bidder for Hutchison’s Indian operations is Vodafone, but it’s once again dependent on unnamed sources. It also doesn’t mention that there may not be a bidding war if Hutchison’s minority partner Essar decides to exercise its right of first refusal and buy out Hutch.
Whether the unnamed sources in these stories have ulterior motives is unknown, but a fake document was sent last week claiming that China Telecom would buy Hutchison’s Italian units, which is beginning to look like an attempt to manipulate the stock market.
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