Vodafone looks to strengthen in India, under pressure in Egypt


Vodafone (VOD) is in reportedly early discussions to acquire Tata Group's 59.45% stake in Tata Teleservices in a deal that would create India's largest telco with 248M subscribers.

However, Japan's NTT DoCoMo (DCM), which owns just over a quarter Tata Teleservices, has a right of first refusal on the majority holding.

Should Vodafone prevail, it would look to acquire all of Tata Teleservices, whose market cap is 16.28B rupees ($261M).

Meanwhile, Vodafone Egypt has been accused of inciting terrorism by incorporating secret messages supporting the Muslim Brotherhood in an advertisement.

Vodafone has denied the allegations, which Egyptian prosecutors are investigating amid an intensifying crackdown on the Muslim Brotherhood by the military government that deposed it.

The accusations add another headache for multinationals that operate in Egypt to go with political instability, security worries and economic uncertainty.

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Comments (3)
  • notta lackey
    , contributor
    Comments (131) | Send Message
     
    More good news from India. This company is on a roll.
    3 Jan 2014, 04:59 PM Reply Like
  • DWD Investing
    , contributor
    Comments (13209) | Send Message
     
    And not on a roll in the Middle East. Just what the ME needs to take them back into the dark ages, yet again--a Corporate Muslim Brotherhood. Geeze.
    3 Jan 2014, 11:11 PM Reply Like
  • donald des jardins
    , contributor
    Comments (22) | Send Message
     
    Met with Racal Electronics which converted to Racal telecom. and ultimately wound up
    As Vodaphone. I believe their original elected president was responsible for the growth
    Of Vodaphone.. this individual was some negotiator. He request ed a raise and was refused and left the company. since then the company should of absorbed 80 percent.
    If you. Followed Vod . .numerous smaller telecom companies negotiated . their dividend
    Wavered all over. The map and they didn't understand.
    What Communication meant. Every board meeting they decided on pay raises

     

    They fumbled with Germany Italy Egypt India . they should be ashamed
    Their communication With stockholders was a disaster.
    26 Feb 2014, 12:56 PM Reply Like
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