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AFK Sistema said Wednesday that it was still looking to enter the Indian telecoms market after a deal to buy into mobile operator Aircel hit delays.
Vladimir Lagutin, head of Sistema's telecoms arm, told Vedomosti that a tentative $450 million deal signed in February to buy a large stake in Aircel Televentures was being held up because of financing problems.
Lagutin said a plan to use debts owed by India to Russia to help fund the purchase had been stalled by the government in New Delhi. (Reuters) |
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Date:
May, 18, 2012 |
Moscow Time: |
Brussels Time: |
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