HTIL’S INVESTMENTS ARE MYOPIC!
Ever heard of the smart & early bird catching the rotten worm? If you have not, here’s to Hutchison Telecommunications International Limited (HTIL) for being the first to take advantage of the relaxed FDI norms to amplify its control in Hutchison Essar and increase its chances of extinction! HTIL bought-off Hindujas’ 5.11% stake in Hutchison Essar for $450 million on June 30, 2006, thus increasing their total control to 66.4%. HTIL’s current state in becoming the second-largest GSM operator in India (with 18.06 million customers), and the sector’s terrific performance (101 million customers), has motivated it to buy the stake, just as Dennis Lui, CEO HTIL proudly asserts, “We considered it a great opportunity to increase our commitment and the deal better positions us for future growth...” With more than 74.4% of new mobile additions being GSM, this deal may seem all positive for even cynical analysts! But in reality, the management seems ignorant of the fact that the potential lies elsewhere!
For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006
For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006
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