Feeds

Vodafone weighs up Indian acquisition

To buy or not to buy?

Secure remote control for conventional and virtual desktops

The Vodafone board is to consider launching a $13bn bid for Hutchison Essar, India's fourth largest mobile operator, at a meeting next week, the Financial Times reports.

With growth in Europe waning, a greater investment in developing markets makes sense. And India is developing rapidly. October saw 6.7 million new subscibers sign up, bringing the total to 136 million country-wide.

Vodafone already has a 10 per cent stake in Indian operator Bharti Airtel, but would certainly be required to sell that if its purchase went ahead. Foreign ownership rules would also limit Vodafone from owning more than 74 per cent of the company, so it'll need to find a local partner for the remaining share.

Any such bid would almost certainly be contested by Reliance, the second biggest operator, who has said it is monitoring developments while it considers making a formal bid. There may also be other contenders.

Should the Vodafone board decide against making such an offer, it could signal a strategy shift as India is a market no communications company can afford to ignore. ®

Internet Security Threat Report 2014

More from The Register

next story
YOU are the threat: True confessions of real-life sysadmins
Who will save the systems from the men and women who save the systems from you?
Download alert: Nearly ALL top 100 Android, iOS paid apps hacked
Attack of the Clones? Yeah, but much, much scarier – report
Broadband sellers in the UK are UP TO no good, says Which?
Speedy network claims only apply to 10% of customers
Virgin Media struck dumb by NATIONWIDE packet loss balls-up
Turning it off and on again fixes glitch 12 HOURS LATER
Ofcom snatches 700MHz off digital telly, hands it to mobile data providers
Hungry mobe'n'slab-waving Blighty swallows spectrum
Fujitsu CTO: We'll be 3D-printing tech execs in 15 years
Fleshy techie disses network neutrality, helmet-less motorcyclists
Facebook, working on Facebook at Work, works on Facebook. At Work
You don't want your cat or drunk pics at the office
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Internet Security Threat Report 2014
An overview and analysis of the year in global threat activity: identify, analyze, and provide commentary on emerging trends in the dynamic threat landscape.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.