Investment Summary

Hutchison Whampoa and Essar Teleholdings Invest In Sterling Cellular

On December 18, 1999, Hutchison Whampoa and Essar Teleholdings invested in communications company Sterling Cellular from Swisscom

Investment Highlights
  • This is Hutchison Whampoa’s 1st and Essar Teleholdings’ 1st transaction in the Communications sector.
  • This is Hutchison Whampoa’s 1st and Essar Teleholdings’ 1st transaction in the United States.
  • This is Hutchison Whampoa’s 1st and Essar Teleholdings’ 1st transaction in Maryland.

Investment Summary
Date 1999-12-18
Target Sterling Cellular
Sector Communications
Investor(s) Hutchison Whampoa
Essar Teleholdings
Sellers(s) Swisscom
Deal Type Stake Purchase

Target

Sterling Cellular

Silver Spring, Maryland, United States
Sterling Cellular offers voice services over wireless networks to rural customers in the Southeastern.

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Investor(S) 2

Investor

Hutchison Whampoa

Hong Kong, China
Category Company
Sector Diversified
Employees280,000
Revenue 266.4B HKD (2020)
DESCRIPTION

Hutchison Whampoa is a multinational conglomerate committed to innovation and technology. HWL has six core businesses ports and related services, property and hotels, retail, infrastructure, energy, and telecommunications. Hutchison Whampoa is based in Hong Kong, China.

DEAL STATS #
Overall 1 of 10
Sector (Communications) 1 of 4
Type (Stake Purchase) 1 of 5
State (Maryland) 1 of 1
Country (United States) 1 of 1
Year (1999) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-05-31 GuocoLand

Singapore, Singapore

GuocoLand engages in property development, property investment, hotel operations, property management and activities relating thereto.

Buy $177M
Investor

Essar Teleholdings

Mumbai,, India
Category Company
Founded 1981
Sector Communications
DESCRIPTION

Essar Teleholdings, Ltd., together with its subsidiaries, provides telecommunication services.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Stake Purchase) 1 of 1
State (Maryland) 1 of 1
Country (United States) 1 of 1
Year (1999) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-14 Aegis USA

Los Angeles, California, United States

Aegis USA Inc., is a major outsourcing and technology company.

Sell $610M

Seller(S) 1

SELLER

Swisscom

Bern, Switzerland
Category Company
Founded 1998
Sector Communications
Employees19,936
Revenue 11.1B CHF (2023)
DESCRIPTION

Swisscom is an entity which offers telecommunication services mainly in Switzerland and Italy. Swisscom was founded in 1852 and is based in Bern, Switzerland.

DEAL STATS #
Overall 1 of 4
Sector (Communications) 1 of 3
Type (Stake Purchase) 1 of 1
State (Maryland) 1 of 1
Country (United States) 1 of 1
Year (1999) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-01 Debitel France SA

Chaville, France

Debitel France SA is a mobile service provider in Europe, offering a wide range of ecommunication products mobile and fixed-line telephony as well internet services.

Sell €842M
Mergr

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