Vodafone open to partner Reliance too
Vodafone open to partner Reliance too
Vodafone keeps all its options open in Hutch-Essar quest, including partnering some of the other key suitors.

New Delhi: After expressing its willingness to partner Ruias-promoted Essar on Wednesday, British telecom giant Vodafone on Thursday kept its option open to partner Reliance Communication to rope in India's fourth largest mobile player Hutch-Essar.

Keeping all its options open, including partnering some of the other key suitors, as quoted by PTI, Vodafone CEO Arun Sarin said, "We are a partnership kind of people, we are open to everything."

He said this against a specific question on whether the company was open to partnering Anil Ambani Group company Reliance Communications (RCOM) in its bid for Hutch-Essar Ltd (HEL).

Sarin said Vodafone, which started studying the books of its takeover target early this week, would complete the exercise in a couple of weeks and a formal bid could be submitted in the next few weeks.

Coinciding with Sarin's visit, Essar Group Chairman Shashi Ruia was in the national capital on Wednesday.

Both Ruia and Sarin had separately called on Finance Minister P Chidambaram and Communications Minister Dayanidhi Maran.

On the other hand, Reliance Communications has also started due diligence of Hutch-Essar.

RCOM Chairman Anil Ambani, who was on Wednesday authorised by the company's Board to take all necessary steps to pursue HEL, is in the national capital in this connection.

However, it was not clear if at all Sarin and Ambani would meet.

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