Home SoftBank, investors to acquire 20% Micromax stake - report
 

Keywords :   


SoftBank, investors to acquire 20% Micromax stake - report

2015-03-27 12:45:00| Telecompaper Headlines

(Telecompaper) A group of investors led by Japanese mobile operator SoftBank is in talks to acquire a 20 percent stake in Indian smartphone maker Micromax Informatics for up to USD 1 billion, Reuters reports, citing two unnamed people aware of the negotiations. The investment would value Micromax at USD 5 billion, the sources added.

Tags: report investors acquire stake

Category:Telecommunications

Latest from this category

All news

»
08.11Up close with the 300 tonne driverless trucks
08.11China is trying to fix its economy. Trump could derail those plans
08.11Atlantic Tropical Weather Outlook
08.11Eastern North Pacific Tropical Weather Outlook
07.11Remnants of Fourteen-E Graphics
07.11Remnants of Fourteen-E Forecast Discussion Number 6
07.11Remnants of Fourteen-E Wind Speed Probabilities Number 6
07.11Remnants of Fourteen-E Public Advisory Number 6
More »