Articles tagged with: Hutchison Telecom and Vodafone

Vodafone's $2 Billion Indian Tax Battle Rumbles On

­India's Income Tax department has issued a notice to Vodafone asking it to explain why the company feels that the Tax Department does not have the necessary jurisdiction to proceed with its tax liability claim against it. The tax liability relates to the US$11.2 billion purchase of Hutchison Essar in 2007.  more

Related Tags: hutchison-essar, India

Vodafone-Hutchison Joint Venture to Cut 450 Jobs in Australia

­The recently merged Vodafone Australia / Hutchison Telecom joint venture has announced the closure of its call center in Melbourne and the outsourcing of the jobs to India and Tasmania.  more

Related Tags: vodafone-hutchison-australia, melbourne, mumbai, handover, Australia

Hutchison Telecom Confirms Spin-Off Plans for Hong Kong Holdings

Hong Kong based Hutchison Telecom has reported a 16% rise in full-year revenues to HK$24 billion (US$3.1 billion) and an increase of 16.8% in EBITDA to HK$6.14 billion (US$791 million). Net income dropped precipitously to HK$1.88 billion (US$242 million) from the extraordinary HK66.8 billion a year ago - which was largely due to the one-off gain from the sale of its Indian interests to Vodafone.  more

Related Tags: 3g, base-station, landline, base-stations, gsm, hutchison, java, chief-financial-officer, Hong Kong

Vodafone Raising Funds for India's 3G Auction

Vodafone Essar is reported to be currently trying to raise US$2 billion as a bridging loan to finance its bids in the country's delayed 3G and WiMAX auctions. The current reserve price for the 3G auction is US$412 million to cover all the available circles - although the auction has been delayed as the Finance Ministry is battling to double the reserve to at least US$824 million.  more

Related Tags: wimax, wall-street-journal, mumbai, tax, hutchison, essar, India