Vittorio Colao

Spectrum auction base price too high in India: Vodafone CEO

Vodafone, which has not applied for taking part in spectrum auction in March, on Tuesday said the reserve price set is too high and the company cannot afford to pay in India where there is uncertainty about airwaves and revenues are low. ...  

Vodafone ups stakes in Indian battle

London/Mumbai: Vodafone Chief Executive Vittorio Colao ramped up the rhetoric in his fight with the Indian government on Tuesday, accusing the country of deterring foreign investment but warning that he would not walk away. The result, the company said, was that it was now unlikely to float shares in the business this year. "There has been widespread concern in India and in the world about this," Colao said. "It is...