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.