Spice Telecom planning to go public

Spice Telecom, a telecom network carrier in India which at the moment has presence in 2 circles, Karnataka and Punjab is planning to go public. It expects to raise around $150 million from the public offering which it says it would use to expand its operations in other circles in the country by applying for fresh licenses. At this moment Malaysia based Telecom Malaysia has 49% stake in Spice Telecom.


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