Investors love the prospect of wireless growth in India. Reliance Communications Ventures, the holding group for India's second-largest mobile phone carrier, made a strong debut on the Bombay Stock Exchange, entering the market with a valuation around $8 billion. Last week, Hong Kong conglomerate Hutchison Whampoa said it too is planning an IPO of its Indian unit, Hutchison Essar, later this year. Along with China, India's wireless market is one to watch for explosive growth.
To read more about Reliance's IPO:
- check out this report from telecoms.com (sub. req.)