» Takeover or A Marriage: Idea & Spice yet to decide Jobs : Career, Employment, Hiring, Classified, Opportunities, Listings, Interview
Takeover or A Marriage: Idea & Spice yet to decide
Birlas Want To Acquire Spice, Modis Think Merger Is A Better Idea
MERGER or acquisition? This is the billion-dollar question around which hinges the deal between Idea Cellular and Spice Telecom. The two companies, along with Telekom Malaysia ™ that holds 49% stake in Spice, are yet to work out an amicable arrangement. While Idea, in which the Birlas own 57% stake, wants to fully acquire Spice, the Modis-promoted company is keen for a merger, sources told ET.
“From a market perspective, a marriage of the two is a perfect fit. But who’s a long-term player is not yet clear,” sources close to the development said. Spice has 2.8 million subscribers, largely high-end, in Punjab and Kamataka circles where Idea is not yet present.
Idea, which listed on the bourses in March this year, has grown through the organic as well as the inorganic route in the past. “They clearly want to acquire Spice. However, the Modis would prefer a merger,” said sources.
“As of now, it looks as if it is veering towards an all-stock buy-out by Idea, with the shareholders of Spice holding a minority share in Idea,” said sources, adding that it has not yet been finalized.
While an acquisition of Spice will give Idea a ready entry into two new circles and a good user base, the Birlas are not willing to pay over the top. Spice is said to be quoting a price of more than a billion dollars for the two-circle operation, to which the Birlas are not agreeing.
“We are a fast-growing company and our valuation is definitely higher than a billion dollar”, a Spice executive said. However, going by the fact that promoters of Spice will offload 20% stake in the forthcoming IPO for $ 150 million, the company’s valuation is $750 million. This remains a bone of contention between the two sides.
Idea, which listed on the bourses in March this year, has grown through the organic as well as the inorganic route in the past. “They clearly want to acquire Spice. However, the Modis are looking at a merger,” said sources, adding that Idea will continue to be an AV Birla group company going forward and there was no question of the company diluting its identity in a merger.
Also, a buy-out of Idea by Spice seems unlikely because Idea is seven times bigger than Spice. AV Birla group officials have earlier said the group will not dilute its stake in Idea below 51%. Idea scrip moved up 2.6% during the day to close at Rs 126.10.
Idea Cellular MD Sanjeev Aga refused to comment.
Mr. BK Modi also said he could not comment on the matter.
Meanwhile, TM has clearly said that it will not exit the Indian market, TM bought 49% stake in Spice in March last year for $ 179 million. “We are committed to Spice and once spectrum is available for other circles, we will expand. We also understand that consolidation is inevitable in India and if it works for us, we are open to looking at it,” a top TM official told ET.
“However, for us, it is not about an exit situation. We’d like to play a partnering role with Idea Cellular. We are not going to exit,” the TM official said. Spice applied for spectrum in 20 circles in September last year. It has already received the DoT nod for NLD and ILD operations.
It is too early for the deal to come through as Spice was working on its IPO ahead of any agreement. Sebi has given its approval to the public offering. “We should be opening in the end of June. Merger is not what we are working at right now,” a senior Spice official said.
However, an acquisition after the listing of Spice will become more complicated due to regulatory issues.
For the year 2006, Spice recorded revenue of Rs 533.78 crore and EBITDA of Rs 107.86 crore.
Your Privacy is important for us : Your Name Email address, Phone Numbers will not be disclosed to the employers until and unless approved by you, so provide your correct email address for futher correspondance
Please note that we have direct contact in most of the companies listed here,
we will forward your resume to the HR department of the company. In case we
are not in direct touch with the company, then your resumes will be forwarded
to the authorized Placement Consultants of the respective company. We do not
take the guarantee that your resume will be selected or not by the company.
Note : DO NOT submit your Resume / CV more than one time, otherwise it will be permanently
deleted from our database.
Note : If you want to forward your CV / Resume to the Related Companies mentioned below, please mention the company names on the top of the Biodata.
Related Companies
Jobs at Idea Pvt Ltd
Find jobs at Indian Idea Pvt Ltd Hot Jobs is a premium portal for jobs in India. You are current at the page of Idea Pvt Ltd on our Job Site. Here you will find:
(1) Job vacancies, available, openings, positions and listings at Idea Pvt Ltd
(2) Salary Structure, Job Placements, Interview Tips, Placements Papers of Idea Pvt Ltd
(3) Management and Company information, Job Turnover stats, Senior Managements of Idea Pvt Ltd
So in case you are a fresher, a
IDEA Cellular Ltd Jobs
Industry : Telecommunication Mobile
Find jobs at Indian IDEA Cellular Ltd Hot Jobs is a premium portal for jobs in India. You are current at the page of IDEA Cellular Ltd on our Job Site. Here you will find:
(1) Job vacancies, available, openings, positions and listings at IDEA Cellular Ltd
(2) Salary Structure, Job Placements, Interview Tips, Placements Papers of IDEA Cellular Ltd
(3) Management and Company information, Job Turnover stats, Senior Managements of IDEA Cellular Ltd
So in case you are a fresher, a profession, a graduate or a post graduate, you can apply for jobs as per the availability
Spice Net Jobs
Industry : IT- Hardware
Find jobs at Indian Spice Net Hot Jobs is a premium portal for jobs in India. You are current at the page of Spice Net on our Job Site. Here you will find:
(1) Job vacancies, available, openings, positions and listings at Spice Net
(2) Salary Structure, Job Placements, Interview Tips, Placements Papers of Spice Net
(3) Management and Company information, Job Turnover stats, Senior Managements of Spice Net
So in case you
Idea Cellular
Industry: Telecom
Indian Hot Jobs is a premium portal for jobs in India. You are current at the page of Idea Cellular on our Job Site. Here you will find:
(1) Job vacancies, available, openings, positions and listings at Idea Cellular
(2) Salary Structure, Job Placements, Interview Tips, Placements Papers of Idea Cellular
(3) Management and Company information, Job Turnover stats, Senior Managements of Idea Cellular
So in case you are a fresher, a profession, a gradate or a post graduate, you can apply for jobs as per the availability of jobs in Idea Cellular.
Spice Telecom
Industry: Telecom
Indian Hot Jobs is a premium portal for jobs in India. You are current at the page of Spice Telecom on our Job Site. Here you will find:
(1) Job vacancies, available, openings, positions and listings at Spice Telecom
(2) Salary Structure, Job Placements, Interview Tips, Placements Papers of Spice Telecom
(3) Management and Company information, Job Turnover stats, Senior Managements of Spice Telecom
So in case you are a fresher, a profession, a gradate or a post graduate, you can apply for jobs as per the availability of jobs in Spice Telecom.
Spice Communications Limited Jobs
Industry : Telecommunication Mobile
Find jobs at Indian Spice Communications Limited Hot Jobs is a premium portal for jobs in India. You are current at the page of Spice Communications Limited on our Job Site. Here you will find:
(1) Job vacancies, available, openings, positions and listings at Spice Communications Limited
(2) Salary Structure, Job Placements, Interview Tips, Placements Papers of Spice Communications Limited
(3) Management and Company information, Job Turnover stats, Senior Managements of Spice Communications Limited
So in case you are a fresher, a profession, a graduate or a post graduate, you can apply for jobs as per the availability
Sugar And Spice India Pvt Ltd Jobs
Industry : Sugar
Find jobs at Indian Sugar And Spice India Pvt Ltd Hot Jobs is a premium portal for jobs in India. You are current at the page of Sugar And Spice India Pvt Ltd on our Job Site. Here you will find:
(1) Job vacancies, available, openings, positions and listings at Sugar And Spice India Pvt Ltd
(2) Salary Structure, Job Placements, Interview Tips, Placements Papers of Sugar And Spice India Pvt Ltd
(3) Management and Company information, Job
Lehman, Spinnaker pick up stake in Spice
Deal Part of Spice's Pre-IPO Placement
A CLUTCH of investors led by Lehman Brothers and Spinnaker Investments are learnt to have picked up a small stake in Spice Telecom for about $30 million, as part of the pre-IPO placements by the cellular service provider. It is estimated that these investors will pick up a fifth of the nearly 138 million shares that will issued in the IPO at about Rs 45 per share. However, the exact figure will be known only after Spice Telecom sets its price band during its broad meeting, which is slated
Mallya Books 26% in Air Oeccan for 550 cr
THE king of good times, Vijay Mallya, appears to be interested in low-brow stuff as long as it makes business sense. He has struck a deal to pick up 26% in a preferential allotment by Air Deccan, which clearly gives him an opportunity to gain management control over the company that pioneered low-cost flying in the country.
The deal comes at a cost of Rs 550 crore (Rs 155 per share in the company) and will require him to make an open offer to pick up another20% stake.
Mr. Mallya's UB Holdings, which made
Bisleri sells Maaza brand for global markets to bottlers
Group Shuts International Operations Headquartered In New York
THE Bisleri group (Park Exports)-promoted soft drinks company, Maaza Beverages, has sold the trademark rights of Maaza for the international markets to its bottlers, Infra Beverages in Europe and House of Spice in the US for a substantial undisclosed sum.
The group has also shut down the international operations headquartered in New York, Coca-Cola, which owns the trademark in India, is believed to have been interested in buying the rights for the international markets but failed to clinch the deal.
"The operation abroad was largely dependent
Nine giants in race for 26% in RCOM's tower biz
Tower Vision, American Towers, Apax Partners, Carlyle, Temasek, George Soros, Blueridge & Tiger in Race
AS MANY as nine investors are currently in talks with Reliance Communications (RCOM), the country's second-largest wireless service provider, for picking up a minority stake in its telecom infrastructure business. RCOM is currently in the process of spinning off its telecom infrastructure into a separate company — Reliance Telecom Infrastructure Limited (RTTL).
According to RCOM sources, the companies that are currently engaged in carrying out due diligence of RTIL
ONGC scouts for global partners to take on Reliance in Nelp VII
INDIA'S largest public sector enterprise Oil and Natural Gas Corporation (ONGC) is in talks with global energy giants such as British Petroleum, BG Group, Brazil's federal energy company Petroleo Brasileiro (Petrobras) and ENI of Italy to jointly bid for blocks proposed to be offered under the New Exploration and Licensing Policy (Nelp). The government plans to offer 70 blocks covering around three lakh square kilometers in the seventh round of Nelp in August.
The ONGC consortium will go head-to-head with Reliance Industries (RIL), which has been an aggressive and successful
Some Random Job Vacancies and Resumes
Ace Consultants Central Business Services Jobs
Industry : Placement HR Consultants
Find jobs at Indian Ace Consultants Central Business Services Hot Jobs is a premium portal for jobs in India. You are current at the page of Ace Consultants Central Business Services on our Job Site. Here you will find:
(1) Job vacancies, available, openings, positions and listings at Ace Consultants Central Business Services
(2) Salary Structure, Job Placements, Interview Tips, Placements Papers of Ace Consultants Central Business Services
(3) Management and Company information, Job Turnover stats, Senior
Aarti Steel Rolling Mills Ltd Jobs
Industry : Iron and Steel
Find jobs at Indian Aarti Steel Rolling Mills Ltd Hot Jobs is a premium portal for jobs in India. You are current at the page of Aarti Steel Rolling Mills Ltd on our Job Site. Here you will find:
(1) Job vacancies, available, openings, positions and listings at Aarti Steel Rolling Mills Ltd
(2) Salary Structure, Job Placements, Interview Tips, Placements Papers of Aarti Steel Rolling Mills Ltd
(3) Management and Company information, Job Turnover stats, Senior
Sir Ganga Ram Hospital Jobs
Industry : Hospitals Healthcare
Find jobs at Indian Sir Ganga Ram Hospital Hot Jobs is a premium portal for jobs in India. You are current at the page of Sir Ganga Ram Hospital on our Job Site. Here you will find:
(1) Job vacancies, available, openings, positions and listings at Sir Ganga Ram Hospital
(2) Salary Structure, Job Placements, Interview Tips, Placements Papers of Sir Ganga Ram Hospital
(3) Management and Company information, Job Turnover stats, Senior Managements of Sir Ganga Ram Hospital
Jobs at Microsoft (MSFT)
Find jobs at Indian Microsoft (MSFT). Hot Jobs is a premium portal for jobs in India. You are current at the page of Microsoft (MSFT) on our Job Site. Here you will find:
(1) Job vacancies, available, openings, positions and listings at Microsoft (MSFT)
(2) Salary Structure, Job Placements, Interview Tips, Placements Papers of Microsoft (MSFT)
(3) Management and Company information, Job Turnover stats, Senior Managements of Microsoft (MSFT)
So in case you are a fresher, a profession, a graduate or a post graduate, you can apply for
Sapan International (Pvt) Ltd Jobs
Industry : Garment Textiles Accessories
Find jobs at Indian Sapan International (Pvt) Ltd Hot Jobs is a premium portal for jobs in India. You are current at the page of Sapan International (Pvt) Ltd on our Job Site. Here you will find:
(1) Job vacancies, available, openings, positions and listings at Sapan International (Pvt) Ltd
(2) Salary Structure, Job Placements, Interview Tips, Placements Papers of Sapan International (Pvt) Ltd
(3) Management and Company information, Job Turnover stats, Senior Managements of Sapan International (Pvt)
Macawber Beekay Pvt Ltd Jobs
Industry : Engineering
Find jobs at Indian Macawber Beekay Pvt Ltd Hot Jobs is a premium portal for jobs in India. You are current at the page of Macawber Beekay Pvt Ltd on our Job Site. Here you will find:
(1) Job vacancies, available, openings, positions and listings at Macawber Beekay Pvt Ltd
(2) Salary Structure, Job Placements, Interview Tips, Placements Papers of Macawber Beekay Pvt Ltd
(3) Management and Company information, Job Turnover stats, Senior Managements of Macawber Beekay Pvt Ltd
Microwyrs India Ltd Jobs
Industry : Capital Goods Machine Manufacturing
Find jobs at Indian Microwyrs India Ltd Hot Jobs is a premium portal for jobs in India. You are current at the page of Microwyrs India Ltd on our Job Site. Here you will find:
(1) Job vacancies, available, openings, positions and listings at Microwyrs India Ltd
(2) Salary Structure, Job Placements, Interview Tips, Placements Papers of Microwyrs India Ltd
(3) Management and Company information, Job Turnover stats, Senior Managements of Microwyrs India Ltd
Whyte Chemical India(Pvt) Ltd Jobs
Industry : Chemical
Find jobs at Indian Whyte Chemical India(Pvt) Ltd Hot Jobs is a premium portal for jobs in India. You are current at the page of Whyte Chemical India(Pvt) Ltd on our Job Site. Here you will find:
(1) Job vacancies, available, openings, positions and listings at Whyte Chemical India(Pvt) Ltd
(2) Salary Structure, Job Placements, Interview Tips, Placements Papers of Whyte Chemical India(Pvt) Ltd
(3) Management and Company information, Job Turnover stats, Senior Managements of Whyte Chemical India(Pvt) Ltd
British India Steels Ltd. Jobs
Industry : Iron and Steel
Find jobs at Indian British India Steels Ltd. Hot Jobs is a premium portal for jobs in India. You are current at the page of British India Steels Ltd. on our Job Site. Here you will find:
(1) Job vacancies, available, openings, positions and listings at British India Steels Ltd.
(2) Salary Structure, Job Placements, Interview Tips, Placements Papers of British India Steels Ltd.
(3) Management and Company information, Job Turnover stats, Senior Managements of British India Steels
Futures First Info Services Pvt. Ltd Jobs
Industry : Financial Services
Find jobs at Indian Futures First Info Services Pvt. Ltd Hot Jobs is a premium portal for jobs in India. You are current at the page of Futures First Info Services Pvt. Ltd on our Job Site. Here you will find:
(1) Job vacancies, available, openings, positions and listings at Futures First Info Services Pvt. Ltd
(2) Salary Structure, Job Placements, Interview Tips, Placements Papers of Futures First Info Services Pvt. Ltd
(3) Management and Company information,
Devika Proteins Ltd Jobs
Industry : FMCG
Find jobs at Indian Devika Proteins Ltd Hot Jobs is a premium portal for jobs in India. You are current at the page of Devika Proteins Ltd on our Job Site. Here you will find:
(1) Job vacancies, available, openings, positions and listings at Devika Proteins Ltd
(2) Salary Structure, Job Placements, Interview Tips, Placements Papers of Devika Proteins Ltd
(3) Management and Company information, Job Turnover stats, Senior Managements of Devika Proteins Ltd
Sunder Lal Memorial Hospital Jobs
Industry : Hospitals Healthcare
Find jobs at Indian Sunder Lal Memorial Hospital Hot Jobs is a premium portal for jobs in India. You are current at the page of Sunder Lal Memorial Hospital on our Job Site. Here you will find:
(1) Job vacancies, available, openings, positions and listings at Sunder Lal Memorial Hospital
(2) Salary Structure, Job Placements, Interview Tips, Placements Papers of Sunder Lal Memorial Hospital
(3) Management and Company information, Job Turnover stats, Senior Managements of Sunder Lal Memorial Hospital
Embassy Of Israel Jobs
Industry : Govt Defence Embassies
Find jobs at Indian Embassy Of Israel Hot Jobs is a premium portal for jobs in India. You are current at the page of Embassy Of Israel on our Job Site. Here you will find:
(1) Job vacancies, available, openings, positions and listings at Embassy Of Israel
(2) Salary Structure, Job Placements, Interview Tips, Placements Papers of Embassy Of Israel
(3) Management and Company information, Job Turnover stats, Senior Managements of Embassy Of Israel
Osram India Pvt Ltd Jobs
Industry : Electrical & Electronics
Find jobs at Indian Osram India Pvt Ltd Hot Jobs is a premium portal for jobs in India. You are current at the page of Osram India Pvt Ltd on our Job Site. Here you will find:
(1) Job vacancies, available, openings, positions and listings at Osram India Pvt Ltd
(2) Salary Structure, Job Placements, Interview Tips, Placements Papers of Osram India Pvt Ltd
(3) Management and Company information, Job Turnover stats, Senior Managements of Osram India Pvt
Stericon Pharma Pvt Ltd Jobs
Industry : Pharmaceuticals BioTech Research
Find jobs at Indian Stericon Pharma Pvt Ltd Hot Jobs is a premium portal for jobs in India. You are current at the page of Stericon Pharma Pvt Ltd on our Job Site. Here you will find:
(1) Job vacancies, available, openings, positions and listings at Stericon Pharma Pvt Ltd
(2) Salary Structure, Job Placements, Interview Tips, Placements Papers of Stericon Pharma Pvt Ltd
(3) Management and Company information, Job Turnover stats, Senior Managements of Stericon Pharma Pvt