Vodafone has lost its petition in the Mumbai High Court appealing against a tax bill believed to be approximately INR120bn ($2.6bn). The charge relates to Vodafone’s 2007 purchase of Hutchison Essar.
Vodafone posts stagnant profit for full-year
UK-based carrier Vodafone revealed stability in its operations over the full year to end March 31, but recorded negligible growth.
Augere Wireless to quit India
Sanjiv Ahuja’s emerging markets project, Augere Wireless is set to exit the Indian market due to regulatory uncertainty. The WiMAX firm will sell the 4G spectrum licences it holds in the two states of Madhya Pradesh and Chhattisgarh, according to local reports.
Low-cost tablet for schools in India put on hold
A government-sponsored project in India to manufacture and distribute low-cost Android-based tablet devices to schools and universities in the country has been put on hold amid legal battles over production of the device, according to local reports.
O2UK launches mobile wallet service
Telefónica subsidiary O2 has become the first operator in the UK market to launch a mobile wallet offering. The service offers price comparison for online shopping, person to person money transfer and allows the user to digitise cards linked to existing bank accounts, or load money onto an O2 stored value account.
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