Vodafone takes the 4th mobile company in India, from Hutchinson Whampoa: Vodafone Group Plc has won the battle for a controlling stake in Hutchison Essar with a bid that values India's fourth-biggest mobile firm at around $19 billion.
We don't believe in this kind of battle. Why? Because, smells like ......the battle of old dinosaurs. Vodafone is trying to survive, in a jungle full of guys.
The rewards will go to the management, not to the shareholders (probably pension funds without enough nerve to say no to some fat management).
The winner is, again, Li Ka-shing, the leader of the conglomerate.
1 comment:
Small is beautiful again in the technology sector. The giants have scale but they don't have flexibility.
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