Wednesday, April 16, 2008

Israel's Koor Industries Confirms Talks with India's Tata

Koor Industries filed a non-binding indicative letter of intent to acquire a significant share in India's Tata Teleservices Limited. Koor's proposal is for an investment of between NIS 2 and NIS 2.5 billion.

Koor Industries is a leading holding company, focusing on high-growth, internationally-oriented, Israeli companies. Its telecom investments include holdings in Telrad Networks, ECtel and Dekolink Wireless.