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Vodafone Essar

Indian authorities look overseas in licence probe

The Indian authorities have apparently begun talks with overseas governments about transactions involving Indian mobile phone companies, as part of its investigation into the disputed 2008 2G licensing process.

Vodafone denies Indian tower sale

Vodafone has said there is no “formal sale process” underway concerning 7,000 mobile towers owned by its India unit, after a television report said that Vodafone Essar was looking to sell the towers.

Report: Vodafone files another Indian tax complaint

Bloomberg reports that Vodafone Group has filed a potation in the Bombay High Court against the Indian tax department, related to its 2007 purchase of a majority stake in Vodafone Essar.

Vodafone Essar names 3G network suppliers

India’s Vodafone Essar today said it has placed equipment orders with Nokia Siemens Networks and Ericsson for the rollout of its 3G network, reports Dow Jones Newswires.

Indias 2008 2G auction process comes under fire

India’s issue of more than 120 2G licences in 2008 has come under the spotlight, with the country’s Comptroller and Auditor General of India reported to have told the Department of Telecom that the “vast majority” of the licences are illegal.

Indian operators mulling 3G partnership

Indian publication Hindu Business Line reports that Bharti Airtel is in talks with peers Vodafone Essar and Idea Cellular to form a strategic partnership to offer 3G services on a countrywide basis

Essar rules out Vodafone jv float

Indian industrial conglomerate Essar has decided not to hold a public offering of its stake in Vodafone Essar, despite the company having previously held a process to select a banking partner, Reuters reported.

Bharti and Vodafone paying more than half of Indian spectrum fees

India’s Economic Times reported that the country’s two biggest GSM operators, Bharti Airtel and Vodafone Essar, contributed more than 58 per cent of the spectrum revenue raised by the country’s government in the second quarter of the calendar year.

Vodafone Essar eyes 3G launch by end-2010

Indian operator Vodafone Essar has said that it aims to introduce its first 3G services by the end of 2010

Vodafone Essar invites bids from investment banks for possible IPO

Vodafone Essar has invited bids from investment banks for a possible initial public offering which could hit the markets in the next one year or so