Articles tagged with: Mumbai and Hutchison

Vodafone Raises Debt for Indian Expansion

Vodafone Essar, the company's Indian subsidiary is reported to have sucessfully raised around Rs 10,000 crore (US$2 billion) in a 5-year debt financing for network expansion and the forthcoming 3G license auction. The loan was arranged by the State Bank of India Capital Markets.  more

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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, vodafone, wall-street-journal, hutchison-telecom, tax, essar, India

FOCUS: India Bet Becomes a Sure Thing for Global Mobile Operators

LONDON (Dow Jones) -- When Vodafone Group forked out $13 billion for a majority stake in India's No. 4 mobile operator, Hutchison Essar, a year ago, many feared the British giant had overpaid for an investment that would take years to yield a return.  more

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