Company Press Release:
Hutchison Essar Acquires Essar
Spacetel
Mumbai, October 5, 2006:
Hutchison Essar Limited, one of India’s leading cellular service provider,
today announced that it has completed the acquisition of Essar Spacetel
Limited (‘Essar Spacetel’). Essar Spacetel has applied for licenses in
Madhya Pradesh, North East, Himachal Pradesh, Bihar, Orissa, Assam, and
Jammu & Kashmir – circles which are not serviced by Hutch right now.
About Hutchison Essar
Limited
Hutchison Essar Limited,
under the brand name Hutch, operates in 16 circles in the country. With
about 19.4 million* subscribers, over the years, Hutch has been named the
‘Best Mobile Service in the country’, and the ‘Most Creative and Most Effective
Advertiser of the Year’. This year Business World magazine recognised
Hutchison Essar as the “Most Respected Telecom Company of the Year”.