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To: Mohan Marette who wrote (9384)11/5/1999 10:32:00 PM
From: Mohan Marette  Read Replies (1) | Respond to of 12475
 
HFCL plans to take stake in Essar Commvision

hfcl.com
business-standard.com

HIMACHAL Futuristic Communications Ltd (HFCL), a telecom equipment manufacturer, is planning to acquire majority stake in Essar Commvision, the licence holder for operating basic telecom services in Punjab. This will be the first equity investment in a telecom service company since June 1999 when the government announced a policy shift to revenue sharing.