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Sarin meets PM, goes back with 'positive feeling'
BS Reporter / New Delhi February 17, 2007
Arun Sarin, CEO, Vodafone wrapped up a high-voltage three-day trip to India today after a 15-minute meeting with Prime Minister Manmohan Singh. Sarin said he briefed the Prime Minister about Vodafone’s plans for Hutch-Essar.

Talking to reporters after the meeting with the PM, Sarin said he is convinced that the Essar group would remain a partner in the mobile phone company. He is also hopeful that a formal agreement with the Ruias would be signed soon.

"I am going back with a very positive feeling that we are working together. The Essar Group is the founding partner in this venture. I would very much like for them to continue. There is still some work to be done, and we will do that in the coming weeks," he said.

Sources associated with Vodafone added that Sarin will brief his board about the recent developments and the talks with Essar. “Once the board approves a strategy, intermediaries will take over the task of finalising the relevant pacts. Sarin will remain hands-on,” a source said.

The process is expected to begin immediately from next week even as Vodafone and Hutchison Telecom International move ahead separately to conclude the sale agreement.

 
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