Submitted by TheIndiaStreet on June 29, 2008 - 11:35am.
Aditya Rao
Indian telecom circles have for long known that at one point or another Spice Telecom would eventually be bought by the Idea Cellular group. This week it finally happened with BK Modi finally deciding to part with his stake of almost 41% in the company to the Aditya Birla group run Idea Cellular.
Modi was very clear that he would indeed sell his stake in a company he drove to expansion and profits. Few can blame him simply because as big as it has gotten, Spice has over the past two years faced severe losses largely caused by the big
