Feeds

Vodafone and DoCoMo bundle into India

Big bucks into a big market

Remote control for virtualized desktops

Vodafone is to spend $5bn buying out local partner Essar for control of India's second-largest operator, while DoCoMo is spending $175m to improve 3G coverage in the country.

Vodafone already owns a significant stake in Essar, having paid Hutchinson Telecommunications more than $10bn for a controlling interest back in 2007. But now Vodafone wants to take that interest right up to the limit allowed by regulations on foreign ownership, and will be spending another $5bn to do so.

The deal, which leaves Essar Group entirely out of the picture, will take Vodafone up to 75.4 per cent ownership – just over the 74 per cent permitted under Indian law. But Vodafone reckons it can flog off that 1.4 per cent holding to someone local, and is happy to do so in order to end up with the maximum ownership it is allowed.

While officially called "Vodafone Essar", the network has never used that branding locally, being known as "Vodafone" since changing its name from "Hutch Essar" following the initial investment, so end users shouldn't see any change.

But Vodafone isn't the only company getting excited about India, with Japanese operator NTT DoCoMo today announcing that it's sinking $175m into Tata Teleservices, in which it holds 26 per cent. The money won't extend that ownership, as it is in response to a rights offering by the operator, which wants more cash to extend its 3G coverage. But it is indicative of the confidence the world has in the expansion of the mobile industry in India. ®

Secure remote control for conventional and virtual desktops

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?
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
Soz, web devs: Google snatches its Wallet off the table
Killing off web service in 3 months... but app-happy bonkers are fine
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.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Getting ahead of the compliance curve
Learn about new services that make it easy to discover and manage certificates across the enterprise and how to get ahead of the compliance curve.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.