Vodafone comes to India (finally)
Vodafone has finally decided to invest in an Indian mobile company. Vodafone Group, the world's biggest mobile phone company, has agreed to buy a 10% stake in Indian firm Bharti Tele-Ventures for $1.5bn. Under the terms of the deal, Vodafone will buy 4.4% from Bharti Enterprises and 5.6% from investment firm Warburg Pincus.
India has more than 66 million mobile subscibers and the market is expanding by 2.5 million users a month. Bharti had more than 14 million mobile phone users at the end of September. Can we expect Bharti to introduce cool mobile services available in the other Vodafone OpCos? Remains to be seen if VF will take an operating role in BTV.
Sachin, Shah Rukh in Vodafone spots, anyone :-)