With Singapore Technologies Telemedia and Telekom Malaysia (STT-TM) consortium
deciding not to acquire a 47 per cent stake in Idea Cellular, the Tatas, one
of the major partners, have indicated that the company will look at other
options including an initial public offer (IPO) or even acquiring Cingular
Wireless'' stake in Idea Cellular.
has already expressed its desire to exit Idea Cellular.
the three partners of Idea Cellular Tatas, Birlas and Cingular Wireless
(formerly AT&T) have decided to meet in the next few days
at Mumbai to chalk out the future course of action, including finding a new
partner, expansion and investment plans, officials have indicated.