Vodafone Facing Trouble in India and Egypt – ValueWalk Premium

Vodafone Facing Trouble in India and Egypt

Negotiations are continuing between the Vodafone Group plc (NASDAQ:VOD) (LON:VOD) and the Indian government over taxes owed from a 2007 acquisition made by the telecommunications giant. The finance ministry claims the company owes as much as $3.7 billion in back taxes and fees relating to the deal.

In 2007 Vodafone purchased a majority stake in Hutchison Essar. At that time it was the third largest private mobile carrier in the country . . .


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