Sunday, 1 April 2007

Essar, Vodafone start bargaining game


Hard bargaining between Essar and Vodafone is likely to start in the next 10 days on restructuring of shareholders agreement and other related issues, including partnership deal.ssar pulled a surprise after it announced that it would take a decision in due course by ensuring all shareholders rights, including those in agreement with Hutchison Telecom, are adhered to.I am coming soon I hope", Sarin said after a meeting with Prime Minister Manmohan Singh to wind up his three-day India visit.There is still some work to be done and we will do that work in the coming weeks," added Sarin.I am going back with the very positive feeling that we are working together. They are the founding partners in this venture. I would very much like for them to continue," Sarin said.

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