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Vodafone's deal to fully own Indian unit approved by regulators

  • After delaying its decision earlier this month, India's foreign investment regulator has signed off on Vodafone's (VOD -0.4%) to $1.6B deal to acquire the 15.5% stake in its Indian subsidiary that it doesn't already directly or indirectly own.
  • In tandem with the deal, Vodafone has committed to investing $2B through its Indian unit. The subsidiary claims over 154M subs (#2 overall) in a market still seeing healthy growth, making it a crucial part of Vodafone's emerging markets expansion efforts.
Comments (2)
  • VOD has hung in here despite the voodoo of emerging market confusion and corruption. Another reason beside VZ deal to view this company as a buy after the inevitable dip when divestitures in 2014 of VZ Wireless holdings begin.
    30 Dec 2013, 03:04 PM Reply Like
  • That's $11 a subscriber, or $80 undiluted, plus about $13 a pop for capex. This is a coup.
    1 Jan, 03:39 PM Reply Like
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