VoiceStream buys stake in Helios Outsourcing

Scotland- based VoiceStream group of companies has acquired 75 per cent stake in the Chennai-based firm Helios Outsourcing. The $25 million (around Rs 104 crore) VoiceStream will invest around $3 million (Rs 12.5 crore) to develop Helios as India' niche outsourcing outfit and grow the business to $85 million (around Rs 354 crore) in three years time. The VoiceStream with its majority stake in Helios will have three of its directors onto the board of the company. Helios Outsourcing is a privately held corporation created in conjunction with several companies based in the UK, the US and Australia to provide offshore outsourcing services to them.