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Articles tagged with: Essar and Hutchison Essar
Hutchison Warns Off Possible Indian Tax Liability in Sale to Vodafone
Hutchison Telecom International has accepted that it might have to make some payments in regards to the ongoing tax dispute in India over the sale of its stake in Hutchison essar to Vodafone in May 2007. Although the transaction technically occurred outside India, the government has been suing Vodafone for up to US$2 billion in sales tax that it claims is owed to it. more
Related Tags: hutchison-telecom-international, hutchison, vodafone, vodafone-essar, cgp-investments, tax, sec, taxes, sales-tax, India
Set-Back for Vodafone in Indian Tax Battle
Vodafone's tax battle with the Indian government has suffered a further set-back when the Supreme Court refused to hear an appeal by the telecoms giant - and ordered that the case be sent back to the tax department for its deliberation as to who should have legal jurisdiction over the case. more
Related Tags: ict, vodafone, supreme-court, gsm, tax, hutchison, cgp-investments, hutch, taxes, court, India
UPDATE: Hutchison Telecom 1st Half Net Down; May Sell Thai Operations
HONG KONG -(Dow Jones)- Hutchison Telecommunications International said Tuesday its first-half net profit fell sharply largely due to a massive one-off gain it booked last year from the sale of its Indian business. more
Related Tags: partner-communications, hutchison, vodafone-group, cat-telecom, hutchison-telecommunications-international, hutchison-telecommunications, cat, sydney, Hong Kong
Vodafone Wins $3.3 Billion Tax Battle
Vodafone has won a huge tax battle with the UK government over its 1999 acquisition of Germany's Mannesmann. The company had set aside £2.5 (US$4.7) billion should it lose the lawsuit, although the company had estimated its liabilities at £1.76 (US$3.3) billion in its 2005 financial accounts. more
Related Tags: eu, tax, hutchison, UK
Vodafone, India Government to Finish Arguing Tax Case by Wednesday
MUMBAI -(Dow Jones)- Vodafone International Holdings BV and the Indian government will have to finish arguing their case in the Bombay High Court by Wednesday, a lawyer for Vodafone said Friday. more
Related Tags: tax, hutchison, vodafone-essar, vodafone-group, lawyer, hutchison-telecommunications-international, vodafone-international, hutchison-telecommunications, India
Vodafone Continues to Argue Tax Case, Early Judgment Unlikely
BANGALORE -(Dow Jones)- Vodafone International Holdings BV Tuesday continued its arguments in the Bombay High Court against the Indian state's move to tax the telecom company on its Hutchison essar Ltd. deal, saying it was being made liable for taxation despite it being the buyer and not the seller in the transaction. more
Related Tags: tax, hutchison, vodafone-essar, lawyer, taxes, vodafone-international, India
Hutchison Telecom Names a New Chief Financial Officer
Hutchison Telecom has announced that Mr Tim Pennington has given notice of his resignation as Chief Financial Officer and will step down at the end of August to return to the UK. more
Related Tags: tim, hutchison-telecom, seven, tax, hutchison, chief-financial-officer
Europe Telecom Giants Call the Shots Again as M&A Picks Up
As the global financial crisis nears its one-year anniversary, Europe's top telecom operators are rediscovering an appetite for deals and preparing to pounce on vulnerable rivals, armed with solid balance sheets and needled by a rising threat from newcomers like Google and Apple. more
Related Tags: google, orange, deutsche-telekom, juniper-research, megafon, teliasonera, alcatel-lucent, telenor, sistema, telefonica, kpn, gartner, france-telecom, comstar, turkcell, global-crossing, ote, neuf-cegetel, hutchison, chief-financial-officer, level-3, vodafone-group, wave, ukrtelecom, cegetel
Eyes turn to Africa and Mid-East for telecoms M&A deals as private equity stalls
Africa and the Middle East are poised for increased M&A activity and consolidation in the telecoms industry following a global decline in deal value and volumes in 2007 - says a report from PricewaterhouseCoopers. The report reveals that the total disclosed deal value globally fell from ¢â€š¬332 billion in 2006 to ¢â€š¬185 billion in 2007, while deal volumes declined from 1,260 in 2006 to 1,190 in 2007. more
Related Tags: google, asia-pacific, qtel, at&t, mtn, zain, telefonica, france-telecom, america-movil, bell-canada, navteq, hutchison, bell, saudi-telecom, latin-america, cloud, mtc
Hutchison Reports Record 2007 Profits on Disposals
Hutchison Telecom has reported a record annual profit of HK$67,776 million (US$8.7 billion) for last year, thanks largely to disposals. Turnover increased by 13.8% to HK$20,401 million (US$2.63 billion) reflecting a 57% growth in the customer base to nearly 10 million, increased usage especially in 3G and favourable foreign currency exchange rates. EBITDA increased to HK$5,253 million despite losses at start up operations in Indonesia and Vietnam, and HK$223 million non-cash charge for employee stock options, representing an EBITDA margin of 25.7%. Excluding the start up operations the EBITDA margin would have been 29.4%. more
Related Tags: edge, hutchison-telecom, tax, hutchison, cgp-investments, java, excelcomindo, telekomunikasi-indonesia, telekomunikasi-indonesia, tower, Hong Kong
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