India’s BPL Mobile Communications is in talks with three unnamed potential investors in an attempt to find a strategic partner to take a 40% stake in the cellco, BPL’s CEO Sandip Basu told reporters yesterday. Basu said that the options are open for a foreign or domestic investor to buy part of BPL’s holding company BPL Cellular Holdings, or, if it chooses, BPL Mobile Communications or its sister company BPL Mobile Cellular. The company has appointed JP Morgan Stanley to advise it on the planned strategic alliance.
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