Up to five suitors are expected to submit an offer to Hutchison Telecommunications International Ltd. (NYSE: HTX), which is looking to offload its 67 percent stake.
Numbers in excess of $14 billion are being quoted as the starting price for that stake -- a lot of cash for India's fourth mobile carrier.
Vodafone Group plc (NYSE: VOD) and Reliance Communications Ltd. (RCom) are among those mulling bids, while speculation in India even names Verizon Wireless , in which Vodafone owns a 45 percent stake, and the private equity arm of Russia's Alfa Group as potential bidders.
Check out our previous coverage of this ongoing M&A saga:
- Vodafone Tops 200M, Talks M&A
- India Mobile Subs Soar in 2006
- Reliance Approves Bid
- Essar Offers $11B for Hutch Buyout
- Hutchison Courts Suitors
- Vodafone Sparks Bidding War Over Hutch
- Private Equity Targets Hutch