Articles tagged with: Mumbai and Tax

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

Related Tags: , 3g, ict, vodafone, 3g-license, tim, hutchison, essar, vodafone-essar, India

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, hutchison, essar, India