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Wireless

Vodafone to sell stake in India operations - report

Wednesday 20 July 2011 | 13:04 CET | News
After buying out its Indian partner Essar, Vodafone is looking for new investors in its Indian mobile unit, reports The Economic Times. Vodafone has initiated talks with at least two private equity companies to sell a stake in its India operations, said a person involved in the discussions. He declined to name the prospective buyers. Earlier this month, Vodafone and Essar exercised options to transfer all of Essar's 33 percent in the India's third-largest mobile operator by subscribers to Vodafone for USD 5.46 billion. At the end of that transaction, Vodafone will cross the limit on foreign

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Categories: Mobile & Wireless
Companies: Vodafone Essar
Countries: India
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