Hutchicon Essar

Brothers warn Vodafone to back off in Essar bid

Two of India’s wealthiest brothers have threatened to block Vodafone’s plans to buy mobile operator, Hutchison Essar. Ravi and Sashi Ruia, both managers at Essar, have told the British firm that they will use special ‘operating rights’ to hamper its ability to develop Essar’s business if it wins the $20bn auction for the firm. While […]

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