Read the following article from a Business Newspaper and answer:
“Fone India Ltd. is the second largest mobile network operator in India by subscriber base, after Virel. Huber Evel Ltd (HEL) was another leading mobile operator in India. In the year 2007, Fone India Ltd., acquired a 52 % stake in HEL. Fone India’s main motive in going in for the deal was its strategy of expanding into emerging and high growth markets which will lead to improved profitability in the business.”
a. Quoting the lines from the passage identify and explain reasons for taking up a stake by Fone India Ltd.,
b. Also explain any three reasons apart from the one identified in part (a).
