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Hutchison completes acquisition

MUMBAI: Hutchison Essar on Monday said it had completed the acquisition of BPL Mobile Cellular Ltd, the holder of cellular mobile telephone licences for Maharashtra, Tamil Nadu and Kerala. Hutchison Essar Managing Director, Asim Ghosh, said in a release here that Hutchison had acquired BPL Mobile in July last in a deal with an enterprise valuation of over Rs. 4,400 crore.

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