For somebody who has seen through the whole e-business boom and bust, the importance of Flag landing into an Indian hand is phenomenal. One should remember that Flag is not just any company, its one of those companies which drove the telecom boom, for good or worse. Flag carries a prestige much much more than the acquisition price.
For people interested in knowing what Flag actually means, I suggest the following link http://www.j-bradford-delong.net/OpEd/virtual/stephenson.html
And while you are at it, the site also carries an exceptional analysis of Indian economy by Prof DeLong.
However, there are some landing problems that Ratan is creating for Mukeshbhai, for which they have got to sit together and sort out without undue interference from TRAI, DOT, FOT and shourie/pourie.
The Flag would need smooth landing facilites for making their shopping worthwhile.