Essar takes stake in Hutchison East

6 Jan 2004

India’s Essar Group has purchased a 30% stake in Calcutta-based mobile operator Hutchison Telecom East in an all-stock deal, the value of which was not disclosed. Hong Kong-based Hutchison will continue to hold a 49% stake in the company, whilst Essar and Kotak Mahindra Bank will together own the remaining 51%. Hutchison Telecom also offers services in Delhi under the Hutch brand and in the key telecom circles of Mumbai (under the brand name Orange), Kolkata (Command) and Gujarat (Celforce).



Have feedback, corrections, or story ideas? Send them to

Browse Past Issues


Filter CommsUpdate by the following categories or use the search.


Visit our help page information on performing advanced searches, including how to restrict the results by country or company.


CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.