RPG Enterprises has finally exited its cellular operations, with the sale of its
entire 79.2 per cent stake in RPG Cellular to Aircel, promoted by C Sivasankaran's
Sterling Infotech Group had earlier in June 2003 bought over the 20.7 per cent
in RPG Cellular from one of its initial co-promoters, Vodafone Airtouch PLC of
UK, in a deal which had witnessed high court room drama.
the acquisition of RPG Cellular's 2.12 lakh subscribers in Chennai (Rs 180 crore
in revenues as of 31st March 2003), Aircel, with revenues of Rs 225
crore from its 4.75 lakh users in Tamil Nadu, has emerged as on of the largest
cellular service providers in the south.
will take over the assets, customers and employees of RPG Cellular, though it
will have to give up the acquired company's brand name.