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Articles tagged with: Vodafone Essar and Telecom
Vodafone May Seek to Buy Out Indian Partners
Vodafone is reported to be in talks with a minority partner in its Indian subsidiary to buy out the 33% stake held by the Essar Group. Although the Essar Group has a "put option" to force Vodafone to buy its 33% stake, current Indian government rules forbid a foreign shareholder from owning more than 74% of the company. more
Related Tags: essar-group, vodafone, India
Vodafone Essar Signs Wipro to Build and Manage Fixed Line Business
India's Vodafone Essar has signed a contract with Wipro to support its fixed line telecom services for enterprise business customers. Wipro will provide a range of services including network design & build, integration with existing IT OSS/ BSS applications and managed services of the setup over three years. more
Indian Court Delays Hearing in Vodafone Tax Case
The Bombay High Court has deferred Vodafone's appeal against the Indian Tax Office over its long running dispute until February 8th next year. The Court had been expected to hear the appeal within the next couple of weeks. more
Related Tags: vodafone-international, cgp-investments, vodafone, court, India
Essar Group Looking to Sell Vodafone Essar Stake
India's Essar Group is reported to be planning to float some of its 33 percent stake in Vodafone Essar - it's joint venture with Vodafone. A sale of a 10 percent stake may take place early next year, Bloomberg News reported, citing people close to the matter. A ten percent stake is estimated to be worth at least US$855 million. more
Related Tags: essar-group, vodafone, wireless, option, planning, India
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