The new consolidated Hutchison Max Telecom Limited (HMTL), formed after the merger of Hutchison Telecommunications International Limited (HTIL) in India, has been valued at more than Rs 85 billion as on February 1, 2005. Prior to the consolidation of seven subsidiaries of HTIL, Max India’s share in HMTL was 10 per cent. This has now come down to 3.6 per cent after the consolidation. The consolidation move is a prelude to the company’s entering the capital market with an IPO between April and June 2005.
