Earnings before interest, tax, depreciation and amortisation (EBITDA) fell to 40.75 billion rupees ($622.26 million) in the half year ended Sept. 30, from 67.04 billion rupees a year earlier, Vodafone India, the country's No.2 telecom operator, said in a statement on Tuesday.
CNBC-TV18 learns that investment banks along with Sunil Sood, MD and CEO of Vodafone India, will be holding discussions from today. Vodafone Group may raise over USD 2 billion via IPO of its Indian arm.
The British-based cellphone company said today the negotiations have been terminated but did not offer any explanation for the cutoff.
Cellphone operators are snatching up precious bandwidth in a government sale, paying top dollar for spectrum to roll out high-speed coverage across India. The fear among investors is that the companies' balance sheets may now be under pressure.
Concerned over the Rs 10,247 crore tax notice slapped on Cairn Energy by Indian authorities, UK on Thursday asked India to provide "predictable, stable and attractive" business environment and not only talk about it.
Vodafone India, the nation's second-biggest telecom firm, will continue to invest a minimum of Rs 4,000 crore to Rs 6,000 crore every year to expand operations in the world's second-biggest mobile phone market, its chief executive has said
Vodafone Group Plc said it had paid no corporation tax in Britain in two years. It sparked a debate on corporate tax payments in the country.
Verizon Communications Inc has hired advisers to prepare a possible USD 100 billion cash and stock bid to take full control of Verizon Wireless from joint venture partner Vodafone Group Plc, two people familiar with the matter said on Wednesday.
Verizon Communications Inc posted a higher-than-expected quarterly profit on the performance of its wireless business, which reined in costs without slowing growth.
Telecom firms Bharti Airtel, Vodafone Group Plc's local unit and Idea Cellular can maintain until April 11 pacts allowing them to offer 3G services outside their licensed zones, the Supreme Court ruled on Monday.
India's two biggest mobile phone operators, Bharti Airtel Ltd and Vodafone India , challenged in court a government move to auction airwaves in a band they already use.
Ghana will next month allow mobile phone customers to switch network operators but keep their numbers, a move that will increase competition and quality of service, an industry regulator said on Friday.