Vodafone EssarRSS

Vodafone sells 5.5% of Indian operation to healthcare provider

Indian foreign ownership rules limit direct investment at 74 per cent

International carrier Vodafone has sold 5.5 per cent of Indian operation Vodafone Essar to Indian medical services provider Piramal Healthcare for $640m. Vodafone is required to divest the stake to bring it back below the 74 percent ownership threshold, which is the Indian limit for foreign investment within a company. In July Vodafone acquired Essar’s holding in the operation, taking it beyond that threshold.

Vodafone hits Indian ownership limit

Indian foreign ownership rules limit direct investment at 74 per cent

Mega carrier Vodafone has upped its interest in Indian operator Vodafone Essar from 41 per cent to 63 per cent at a cost of around $3.32bn.

Vodafone Essar taps NSN for deployment, management of 3G network

Indian carrier Vodafone Essar has selected Nokia Siemens Networks to supply, implement and manage its 3G network in six of the nine circles – Tamil Nadu, Gujarat, Maharashtra, Uttar Pradesh (East), rest of West Bengal and Haryana – where it secured 3G spectrum. NSN is also the carrier’s major 2G vendor.

Vodafone creates Indian network sharing company

Vodafone’s newly acquired Indian mobile unit, Vodafone Essar, has teamed up with two rival GSM carriers to set up a shared network infrastructure in the country. Bharti Infratel and Idea Cellular have both agreed to set up an independent tower company with the Big V, providing passive infrastructure services in India to all operators in [...]

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