Indian government holding off on Vodafone decision

Citing a lack of interior ministry security approvals, India's foreign investment regulator says it's deferring a ruling on Vodafone's (VOD +1.2%) request to assume full ownership of its local subsidiary.

Vodafone directly or indirectly owns 84.5% of its Indian unit, which is the country's #2 mobile carrier. It's offering $1.6B to buy out minority holders, and has promised to invest $2B in the business.

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Comments (4)
  • Veritas1010
    , contributor
    Comments (3411) | Send Message
    Welcome to the world of 3rd world shenanigans. But global giants ought to bake this in to business-as-usual in the "emerging world".


    Repeat be patient, and be politically correct.
    9 Dec 2013, 01:34 PM Reply Like
  • notta lackey
    , contributor
    Comments (131) | Send Message
    They are probably shaking VOD down to get a better deal for the locals. If they are paying 1.6 billion for 15.5%, that values the 2d largest wireless carrier in India at 10 billion. Sounds like a bargain to me, maybe too much of a bargain for the locals. I am very happy with my VOD and VIP. I would not be surprised to see T take a run at them.
    10 Dec 2013, 06:12 AM Reply Like
  • MustangMajor
    , contributor
    Comments (113) | Send Message
    I can't quite fathom why all of the time there is talk about
    maybe T will buy VOD? VOD is the better company with
    experience with dealings with Governments all over four
    continents. I'm for staying away from US Taxation policies.
    11 Dec 2013, 01:05 AM Reply Like
  • Veritas1010
    , contributor
    Comments (3411) | Send Message
    ''VOD is the better company with experience with dealings with governments all over four continents''.


    Hmm...what about Indian taxation authorities and Essar Ltd.?


    US taxing authorities may not be a walk in the park, but try getting on cross-ways with the countries of China and India (along with several African nations, SA comes to mind) they'll in the parlance of the geography I now call home, ''school ya''.
    11 Dec 2013, 07:56 PM Reply Like
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