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New
Delhi: Before signing a new partnership agreement,
senior Vodafone and Essar executives held joint meetings
with officials in the government, including the finance
ministry.
Paul
Donovan, chief executive officer (emerging markets) from
Hutch came to the meeting while from Essar, vice-chairman
Ravi Ruia, accompanied by Prashant Ruia and Rewant Ruia,
attended.
Sources
said things were moving towards a positive outcome for
the Essars and the two sides were expected to "shake
hands shortly." In fact, the terms of the partnership
agreement, including a four-year put option, are learnt
to have been finalised and an announcement is likely in
a couple of days.
Sources said
that most issues have been resolved between Essar and
Vodafone and the meetings with government officials are
partly aimed at providing them the information they had
sought, as also to allay any misgivings.
All
three parties involved Vodafone, Essar and Hutchison
Telecom, which recently sold its stake to Vodafone
appear keen to resolve the issue and avoid legal complications
and investigations.
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