Vodafone confirms talks with Three UK about merger
British telecom company Vodafone has confirmed it is holding discussions with Hong Kong conglomerate CK Hutchison, owner of rival telecoms group Three, to combine their businesses in the UK.
British telecom company Vodafone has confirmed it is holding discussions with Hong Kong conglomerate CK Hutchison, owner of rival telecoms group Three, to combine their businesses in the UK.
Four rounds under the hammer of the 5G spectrum auction were finished on Tuesday, which saw telecom operators - Reliance Jio, Adani Group, Bharti Airtel, and Vodafone Idea bid for the spectrum.
As per official sources, the mobile SIM of a customer was damaged and he applied for a duplicate. However, his SIM was issued to another customer without any verification by the telecom player, and this individual managed to withdraw Rs 68 lakh from the first customer's account as the mobile SIM was connected with his overdraft facility.
Vodafone and Cairn may have taken advantage of tax loopholes by using tax havens like all multinationals, but applying a coercive instrument like retrospective tax only ends up in destroying companies and eroding investor confidence in the stability and predictability of a tax regime. The country has paid dearly for this blunder.
The development came as a major setback for the Indian government after Vodafone Group Plc had won an international arbitration case against the Indian government in September.
Vodafone Idea lost 49.56 lakh subscribers in August, bringing down its subscriber base to 37.50 crore. Whereas the country's third-largest telecom operator, Bharti Airtel, witnessed 5.61 lakh customers exiting its network.
The loss to the small investors on this account for rights subscribed is Rs 2,014.85, while for the rights not subscribed it is Rs 2,105 which translates into a per-share loss of Rs 6.15 for rights subscribed, and Rs 21.05 for rights not subscribed.
The entities will now approach Registrar of Companies (RoC) for stipulated filings for approval, completing the last leg of formalities.
The Delhi High Court on Monday dismissed the Centre’s plea challenging Vodafone’s move to initiate two international arbitrations against India.…
Bharti Airtel has approved the merger of Bharti Infratel and Indus Towers to create the largest mobile tower entity worldwide…