Vodafone revealed an almost 10 per cent decline in European service revenue to £6.5 billion (€7.8 billion) in its fiscal third quarter as conditions remained challenging in the region, but the company remained positive about its strategy to tackle this downward trend through increased efficiency, network investments and a focus on unified communications and emerging markets.
HP said it will begin selling smartphones again, starting first with a pair of phablets in India. That HP is going to sell the two devices--the 6-inch Slate6 VoiceTab and the 7-inch Slate7 VoiceTab--in India first is notable considering a recent report that Apple is struggling in the Indian market, and as a result is preparing to rerelease its 8 GB iPhone 4 in the country.
Vodafone is reportedly considering a multibillion-euro deal to buy a majority stake in Tata Teleservices in a move that would turn the UK-based operator into the largest telecoms player in India, ahead of current market leader Airtel.
Vodafone has been allowed to increase its stake in its Indian unit to 100 per cent from 64 per cent after India's Foreign Investment Promotion Board approved the move.
Nokia this week overcame a potential hurdle to the closure of the €5.4 billion ($7.4 billion) deal to sell its devices and services unit to Microsoft, but the Finnish company could still face an Indian tax bill that reports now say could rise to as much as 210 billion rupees (€2.46 billion or $3.4 billion), if it loses the ongoing legal battle.
India's antitrust regulator has launched a probe into Ericsson over allegations the company is making excessive royalty demands for standards-essential patents. The Com
In Asia-Pacific, TD-LTE networks will cover more than 53 per cent of the population by 2018, according to a new report from ABI Research.
Vodafone filed for regulatory approval to fully acquire its Indian unit in a deal worth 101.41 billion rupees ($1.66 billion or €1.21 billion), as the company seeks to take advantage of new direct foreign investment rules in the country.
Vodafone has confirmed it is seeking approval to buy out the remainder of its Indian mobile unit under the nation's new relaxed foreign direct investment rules. The com
Vodafone intends to take advantage of new foreign direct investment rules in India by investing as much as $2 billion (€1.48 billion) to buy out minority shareholders in its Indian unit, reports said this week.