Vodafone

Vodafone to get listed in India

Vodafone to get listed in IndiaAnaljit Singh, the new non-executive Chairman of the Indian unit of Vodafone has said Indian business is planning to get listed in the country and will soon come out with an Initial Public Offering (IPO).

He said that the company is still considering the decision but the final decision is yet to be taken on the matter.

Piramal Healthcare increases stake in Vodafone's Indian unit

Piramal Healthcare increases stake in Vodafone's Indian unitHealcare sector firm, Piramal Healthcare has acquired additional stake in Vodafone's India unit taking its total stake to about 11 percent in the country's third largest telecom service provider.

Piramal said on Friday that it would buy a 5.5 percent from Essar for about 30 billion rupees or $616.14 million. The company raised 18 billion rupees through commercial papers with 30-day and 75-day maturities to pay a part of the deal to acquire the stake in the British telecom giant's Indian unit.

Supreme Court rules in favor of Vodafone in taxation case

Supreme Court rules in favor of Vodafone in taxation caseThe Supreme Court of India has announced its decision into the long standing case involving global telecom sector giant, Vodafone and the Indian authorities relating to the payment of taxes in the country.

The decision announced by a three-member Supreme Court bench headed by Chief Justice S H Kapadia sets s precedent for similar matters in India.

Vodafone court victory paves way for IPO

Vodafone court victory paves way for IPOTelecom giant, Vodafone Group’s victory in India has paved the pay for the company to start planning its initial public offering (IPO) in the country, which has become an important market for the global giant.

The company court victory in a case lasting more than four years came as the Surpreme Court dismiss the government’s demand for $2.2 billion in taxes from Vodafone for its acquisition of Hutchison Whampoa Ltd’s India operations in 2007.

Licence violations cases cannot be heard by TDSAT, says DOT

Licence violations cases cannot be heard by TDSAT, says DOTTelecom sector watchdog, the Department of Telecommunications (DoT) has raised questions on the jurisdiction of the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) to hear cases relating to violations of spectrum licenses given to telecom service providers in the country.

DoT said that the TDSAT cannot entertain petitions of five telecom operators, including Bharti Airtel and Vodafone. The petitions are challenging the government's decision to stop 3G roaming agreements between the players.

CBI raids Vodafone, Airtel offices in 2G spectrum case

CBI raids Vodafone, Airtel offices in 2G spectrum caseThe Central Bureau of Investigation (CBI) has conducted raids on the Vodafone office in Mumbai and Airtel office in Gurgaon after filing a new case in the 2G spectrum case.

CBI registered a new FIR against ex-telecom secretary Shyamal Ghosh former director of Bharat Sanchar Nigam Limited (BSNL) JR Gupta and telecom giants Airtel and Vodafone.

Vodafone to test unlimited data plan

Vodafone to test unlimited data planUK telecom operator, Vodafone is giving a rare chance to its customers to download as much data as they can during the next three months for no extra charges. The Operator has started a three month trail allowing unlimited data usage to its customers in order to promote the use of data services.

The operator is aiming to encourage downloading of apps and use of other internet-connected features of a smartphone by allowing users to download as much data as possible in the three months trial period.

Vodafone begins unlimited data plans trail

Vodafone begins unlimited data plans trailTelecom operator, Vodafone has started a three month trail allowing unlimited data usage to its customers in order to promote the use of data services.

The operator is aiming to encourage downloading of apps and use of other internet-connected features of a smartphone by allowing users to download as much data as possible in the three months trial period.

Piramal Expecting Wonders out of Vodafone Treaty

Piramal Expecting Wonders out of Vodafone TreatyAjay Piramal, owner of Piramal Healthcare has been expecting 17-20% annual returns after its acquisition of 5.5% equity stake in Vodafone Essar which he announced recently.

Piramal healthcare Limited has acquired this stake for Rs. 2856 Cr (Approximately $ 640M), valuing VEL at $11.6Bn which means INR 52, 500 crore. The company can opt out of investment during the Initial Public Offering (IPO) or can trade again with Vodafone.

UK foreign office releases messaging alert service for travelers

UK foreign office releases messaging alert service for travelersThe UK foreign office ahs announced the launch of a new text-alert service for overseas travelers, aimed at warming them of any crisis situation in destinations to help them reach safety.

The service, which is being launched in association with Vodafone, will offer free text message to Vodafone customers in foreign locations where there is crisis like a natural disaster or a civil unrest. The alerts are only meant for travelers traveling outside of the UK.

Telecom Operators Ignore TRAI’s Regulations

Telecom Operators Ignore TRAI’s RegulationsAs per the decision made by the Telecom Regulatory Authority of India (TRAI), all the leading telecom industries, including Bharti Airtel, Vodafone Essar and Idea Cellular, within six months, would make some modifications in their tariff plans.

The recommendation was made, after the TRAI members discovered that many of the operators violated the organization rules because they without any reason increased their tariff rates by 20%.

Vodafone Holds Talks with PE

Vodafone Holds Talks with PEAccording to a recent revelation made by the Economic Times Newspaper, it has been revealed that Vodafone is holding talks with PE for the purpose of selling the stakes for its operations in India. Couple of weeks ago, the much awaited Essar deal was made final by Vodafone. The money involved in this deal was USD5.46 billion. This gave them a shareholding stake of as much as 74%.

Bharti Airtel, Vodafone and Idea Cellular to come together for 3G services

Bharti Airtel, Vodafone and Idea Cellular to come together for 3G services Bharti Airtel, Vodafone and Idea Cellular have decided to work together to offer the 3G service in the country.

The three companies will use each other’s networks through inter and intra-circle roaming arrangements to offer fast 3G service in the country to their millions of subscribers.

Vodafone to Buy Stakes in Indian Essar

Vodafone to Buy Stakes in Indian EssarIt has been revealed according to a recent report that Vodafone, the telecom giant is to pay tax for the stakes they are going to buy from Essar. The firm has declared that it shall buy stakes from Indian Vodafone Essar and pay for the stakes as well as the tax. The tax rate for the purpose is thought to be about 21%.

Vodafone Spent Depends on Tax Case

Vodafone Spent Depends on Tax CaseOn Wednesday, Vodafone’s Chief Financial Officer, Andy Halford reported that Vodafone could receive an amount of $5.5bn from its 45% stake in Verizon Wireless annually starting from next year. This estimate is totally based on the $1bn-a-month or $12bn-a-year free cash flow that Verizon Wireless generates. The cash has to be mainly used to pay down the company’s debt.

In 2005, Verizon Wireless, which is the largest US mobile operator have stopped paying a dividend to the firms Verizon Communications and Vodafone.

Vodafone puts up new page for HTC EVO 3D Smartphone

Vodafone puts up new page for HTC EVO 3D Smartphone Telecom giant, Vodafone has put up a new phone for the upcoming HTC EVO 3D smartphone, but has not announced when it will start selling the device.

The operator is allowing users to register for future updates. The EVO 3D is capable of displaying 3D content using the new glass-free technology while other specificatiosn are similar to that of HTC Sensation.

Airtel, Vodafone added 2.45 mn subscribers each in May

Airtel, Vodafone added 2.45 mn subscribers each in MayNew Delhi, June 20 - Telecom giants Bharti Airtel and Vodafone added 2.45 million subscribers each in May, industry data showed. The month saw a net addition of 9.53 million GSM subscribers in the country.

The total number of GSM subscribers in India crossed 590.2 million in May as against 580.67 million in April, according to the data released by the Cellular Operators Association of India (COAI).

Vodafone to buy out Essar's stake in Indian subsidiary for $5 bn

Vodafone to buy out Essar's stake in Indian subsidiary for $5 bnNew Delhi, March 31: Britain-based Vodafone Group Thursday said it would buy out its Indian joint venture partner Essar Group's stake in India's leading telecom company Vodafone Essar Limited for $5 billion.

Essar Group holds a 33 percent stake in Vodafone Essar Limited. After this deal, the global telecom giant will have a 75-percent stake in the Indian mobile operator.

Vodafone has no objection with IPO of Essar’s stake in Indian JV

Vodafone has no objection with IPO of Essar’s stake in Indian JVVodafone on Sunday announced that they are not against Essar for conducting an IPO of their 33% stake in Vodafone-Essar JV. However this British telecom company assumed that the Indian firm fails to provide the material information to the SEBI and the BSE about the proposed merger of two companies.

On the contrary Essar refuse any such allegations and said that the company has previously made clear its stand.

Vodafone UK looks for steady taxation

VodafoneWhile the British telecom biggie, Vodafone is entwined in a tax clash, Britain expects that India should offer a steady taxation regimen and stated that it is seeking "superior " results from courts. Rising from a conference with Anand Sharma, commerce minister, the UK business secretary Vince Cable when inquired about his opinion on Vodafone matter expressed that they have discussed about it, though it is an issue for the courts in the initial occasion.

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