- Bloomberg reports Vodafone (VOD), which currently owns 64.4% of its Indian subsidiary, wants to buy out its minority partners and could start talks in the coming weeks. However, a source adds Vodafone hasn't yet decided how much it's willing to spend; a 2011 stake sale valued the company's Indian subsidiary at $11B.
- The report follows one indicating Vodafone, set to receive $130B for its Verizon Wireless stake sale, has no interest in bidding for Telecom Italia's Brazilian unit. India presents the giant international carrier with a large and growing market, but also one where it has been at odds with the government over tax and spectrum issues.
- The Indian government recently signed off on allowing foreign companies to fully own local mobile carriers.
at CNBC.com (Wed, 3:00AM)