Vodafone

  • Vodafone takes full control of Indian business 11-04-2014 05:40 PM

    Britain's Vodafone said on Friday that it had taken full ownership of Vodafone India by buying the 11 per cent it did not already own from Piramal Enterprises Limited. In March 2014, Vodafone increased its stake in the unit to 89 per cent by buying out Analjit Singh and Neelu...
  • MHA accuses Vodafone of secretly sharing data with British agency 11-03-2014 07:53 AM

    New Delhi: Major telecom player Vodafone has been accused by the Union Home Ministry of secretly sharing subscriber data with a British intelligence and security organisation, a charge denied by the company. According to documents of the Internal Security Division of the Home Ministry, Vodafone is alleged to have given...
  • Vodafone blames government for $ 2 bln tax dispute talks collapse 19-02-2014 11:05 PM

    Mumbai: Vodafone Group blamed the government on Wednesday for the collapse of talks aimed at settling a $2 billion tax dispute relating to its acquisition of Hutchison Whampoa's mobile business in the country. The Finance Ministry is preparing to seek the cabinet's approval to withdraw conciliation proceedings after Vodafone wanted...
  • Vodafone blames government for $2 billion tax dispute talks collapse 19-02-2014 10:47 PM

    Vodafone Group blamed the government on Wednesday for the collapse of talks aimed at settling a $2 billion tax dispute relating to its acquisition of Hutchison Whampoa's mobile business in the country. The finance ministry is preparing to seek the cabinet's approval to withdraw conciliation proceedings after Vodafone wanted a...
  • Mobile tariffs have to be increased every year: Vodafone 16-02-2014 12:13 PM

    New Delhi: Vodafone India has said the mobile telecom industry has reached a point where annual tariff increases are needed to sustain itself. "We have had declining tariffs for 18 years; this cannot be sustained forever. We believe the point has come where we will have to increase our tariffs...
  • Talks between government and Vodafone over tax dues break down: Sources 11-02-2014 04:25 PM

    New Delhi: There has been a breakdown in talks between the government and Vodafone over tax dues. Sources say that the government is likely to withdraw the proceedings. The Finance Ministry has floated a Cabinet note for the withdrawal of conciliation and the Law Ministry, too, has cleared the withdrawal....
  • Cabinet clears Vodafone's Rs 10,141 crore FDI proposal 06-02-2014 08:11 PM

    New Delhi: The Cabinet on Thursday cleared UK-based Vodafone's proposal to buy out minority shareholders in its Indian arm for Rs 10,141 crore, the single largest foreign investment in the telecom sector. After this, Vodafone India will be the first telecom operator in the country to be fully owned by...
  • Vodafone gets new Rs 3,000 crore tax demand, court orders stay 30-01-2014 06:58 PM

    The Bombay High Court on Thursday stayed a new income tax demand of Rs 3,000 crore on Vodafone India Services in an alleged transfer-pricing case from 2010-11. The new case pertains to the transfer of shares by Vodafone India Services to its parent company in FY11. Vodafone, the country's second-largest...
  • Vodafone tax row: Bombay HC puts off hearing to January 30 22-01-2014 02:40 PM

    The Bombay High Court has fixed January 30 for further hearing on a petition filed by Income Tax department challenging a recent order of the Appellate Tribunal which stayed the tax demand of Rs 3,700 crore on Vodafone India Services in an alleged transfer pricing case. The petition was mentioned...
  • Airtel, Vodafone, RJIL, 5 others apply for spectrum auction 16-01-2014 11:55 AM

    New Delhi: Bharti Airtel, Vodafone and a surprise entrant Reliance Industries are among the 8 telecom operators that have applied for bidding in the next month's spectrum auction through which the government is expecting at least Rs 11,300 crore. Tata Teleservices, Idea Cellular and Anil Ambani Group's Reliance Communications were...
  • FIPB approves Tesco's $110 million investment plan 30-12-2013 06:24 PM

    The foreign investment regulator has approved a $110 million investment plan by Tesco, formally paving the way for the British retailer to venture into Asia's third-largest economy. Tesco this month took the initial steps to becoming the first foreign company to set up a chain of supermarkets in India's $500...
  • FIPB approves Vodafone proposal to raise stake in India 30-12-2013 05:50 PM

    UK-based telecom player Vodafone's Rs 10,000 crore proposal to buy out minority shareholders in its Indian arm was approved by the FIPB on Monday. Vodafone's Rs 10,141 crore FDI proposal has been cleared, sources said after the meeting of Foreign Investment Promotion Board (FIPB) in New Delhi. The telecom major,...
  • TRAI delays mobile phone spectrum auction to Feb 3 28-12-2013 08:10 PM

    India's planned mobile phone spectrum auction will start on February 3, the government said on Saturday, delaying the bidding by 10 days from the original schedule. The telecommunications ministry will auction airwaves in the 900 and 1800 megahertz frequency bands in the auction, which is crucial for leading carriers Bharti...
  • Ministry of Home Affairs may give clearance to Vodafone's FDI proposal soon 19-12-2013 06:28 PM

    The Ministry of Home Affairs is likely to give clearance to Vodafone's Rs 10,141 crore foreign investment proposal to buy out minority shareholders in its Indian arm. The Foreign Investment Promotion Board (FIPB) had last week deferred Vodafone's proposal as the MHA was yet to give its comments. "The MHA...
  • Kapil Sibal's son files defamation case against Arvind Kejriwal 15-12-2013 11:28 PM

    New Delhi: A defamation case has been filed against Aam Aadmi Party leader Arvind Kejriwal by the son of Union Law Minister Kapil Sibal. In his complaint, Amit Sibal has named Kejriwal, Prashant Bhushan and Shazia Ilmi alleging that Kapil Sibal had a conflict in seeking to revise a tax...
  • Vodafone offers to pay Rs 4,000 cr for extension of licences 19-11-2013 06:23 PM

    Nation's second largest telecom firm Vodafone India has offered to pay Rs 4,000 crore and a spectrum usage charge of 3 per cent for extension of permits for Delhi, Mumbai and Kolkata service areas for 20 years. At Rs 4,000 crore, Vodafone is offering about one fourth of TRAI's suggested...
  • Mobile tariffs may go up every year: Vodafone MD 10-11-2013 06:03 PM

    New Delhi: India's second largest telecom operator Vodafone expects phone call and other mobile services rates to go up every year, indicating that low tariff regime may not be sustainable any longer for the industry. "We have lower tariffs for 18 years against inflation of 8-9 per cent per year....
  • IBM asked to pay Rs 5357 crore outstanding income tax: Reports 03-11-2013 08:00 AM

    Mumbai: Indian tax authorities have asked IBM's local unit to pay Rs 5357 crore in outstanding income tax on fiscal 2009 revenue, media reported on Saturday. In an emailed statement, an IBM India spokeswoman confirmed the company had received a tax notice, but declined to comment on the amount of...
  • Vodafone slashes data prices by 80 per cent across India 31-10-2013 02:10 PM

    New Delhi: In a Diwali bonanza to its customers, Vodafone India said it has slashed data rates by up to 80 per cent across the country, with effect from November 1. In June, the company had reduced the price from 10 paisa per 10 KB to 2 paisa per 10...
  • Vodafone moves to fully own India unit in $1.7bn deal 29-10-2013 10:43 PM

    Vodafone Group Plc has sought approval from the authorities to raise its stake in the India unit for 101.41 billion rupees it said on Tuesday, after India allowed foreign companies to take full ownership of local carriers. Vodafone, which entered India in 2007 by buying Hutchison Whampoa's (0013.HK) local cellular...
  • Telecom user base grows marginally to 90.61 crore in August 26-10-2013 11:11 AM

    New Delhi: The total number of telecom subscribers rose marginally to 90.61 crore at end of August this year, sectoral regulator TRAI said. "The number of telephone subscribers in India increased from 904.46 million at the end of July, 2013 to 906.18 million at the end of August 2013, thereby...
  • GSM subscribers up by 4.41 million in September 16-10-2013 01:36 PM

    New Delhi: The all-India GSM subscribers increased by 4.41 million in September 2013, data released by Cellular Operators Association of India said here Wednesday. Total number of GSM subscribers as of September 2013 stood at 678.82 million. Airtel recorded the maximum subscribers at 193.39 million. It was followed by Vodafone...
  • Vodafone plans $2 billion investment to raise stake in India unit: Report 08-10-2013 08:19 AM

    Britain's Vodafone plans to invest as much as $2 billion to buy out minority shareholders in Vodafone India, the Financial Times reported on Monday. Vodafone will file an application this month with India's Foreign Investment Promotion Board to seek clearance for the investment, the Financial Times reported, citing two people...
  • Vodafone launches mobile money transfer service in Goa 06-10-2013 05:38 PM

    Panaji: Telecom major Vodafone India launched its 'M-Pesa' service, which facilitates money transfer through mobile phone, in Goa. "This service empowers the unbanked and under-banked sections of the population gain access to financial services through mobile phone," Ishmeet Singh, Business Head (Maharashtra-Goa), Vodafone India, said. The company has tied up...
  • Mobile phone usage to push India's per capital income up by $51 a year 27-09-2013 01:07 PM

    New Delhi: The per capita GDP of India is likely to grow by $51 a year between 2010 and 2020 due to rising mobile phone subscriptions, a study said. The study conducted by Vodafone Institute said mobile phones, which have become an intrinsic part of people's lives, also positively influence...
  • Hacker steals data of two million Vodafone Germany clients 13-09-2013 01:03 PM

    Frankfurt: A hacker has stolen the names, addresses and bank account numbers of about 2 million Vodafone Germany customers who should beware that criminals may now try to elicit other information such as passwords, the company said. The mobile phone operator, which has around 32 million clients in Germany said...
  • Verizon, Vodafone to announce $130 billion US deal on Monday 02-09-2013 10:00 AM

    New York: Verizon Communications and Vodafone plan to announce a $130 billion deal on Monday that will give the US telecom giant complete control of Verizon Wireless, subject to final board approval, people familiar with the matter said. Vodafone said in a statement late on Sunday it was in advanced...