Seeking Alpha

Vodafone (VOD) is at odds with the Indian government once again, assailing a decision to set the...

Vodafone (VOD) is at odds with the Indian government once again, assailing a decision to set the price of 800 MHz. spectrum (used by rival carriers) at 1/3 the price of 900 MHz. spectrum (used by Vodafone) as "illegal, discriminatory, and benefiting one set of players." Vodafone execs say they'll consider "all possible remedies, including legal recourse," if the government doesn't change its mind. Vodafone is also battling the government over tax payments and "excess spectrum" fees.
Comments (2)
  • TwistTie
    , contributor
    Comments (2477) | Send Message
     
    Is India still considered to be a third world nation, or are they reverting to being one?

     

    I love India, but I wish they would stop picking on my beloved Vodafone.
    31 Jan 2013, 02:16 PM Reply Like
  • RobberBaron
    , contributor
    Comments (282) | Send Message
     
    No news. "Nothing to see here folks, keep moving!"
    SOS - Same ol' Schtuff in India (and China, and Korea, and Russia). Since local companies can be strong-armed by government (and parties) for extralegal "support" and internationals are less likely to succomb, we favor locals (then tell the locals privately that they must pay for those government officials' "special consideration").
    2 Feb 2013, 04:45 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|