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The Indian government has confirmed plans to impose a fee as high as $4.24B on Vodafone (VOD)...

  • Friday, October 19, 2012, 9:39 AM ET
    The Indian government has confirmed plans to impose a fee as high as $4.24B on Vodafone (VOD) and other local carriers for "excess spectrum" they own. The move follows a Wednesday recommendation that some carrier re-bid for billions worth of spectrum purchased almost 20 years ago. The FT calls the move another blow for an industry that's "increasingly known for incompetent regulation, fierce price competition, stagnant revenues and ballooning debts." (VOD tax issues)
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This news story has 3 comments:

  •  
    Who is going to want to invest in India with this kind of thing going on?

    (Besides SBUX.)
    19 Oct 2012, 10:30 AM Reply Like
  •  
    India is a poster-child for why the developing world is merely a politically correct euphemism for the third world.

    In a world that mandates foreign investment, caveat emptor.
    20 Oct 2012, 04:11 PM Reply Like
  •  
    Sounds like extortion. Must be hard to give up on a billion size market, but once you give in to extortion, there may not be an end to it. BP sold its share in the Russian partnership it had for similar reasons.
    25 Oct 2012, 10:28 PM Reply Like
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