x
  1. Home  »  
  2. Business

Vodafone to cut $1.1 billion from its Indian venture amid Indian price war

Vodafone Group Plc is looking to cut about 1 billion euros ($1.1 billion) off the book

Shortpedia

Content Team
Image Credit: shortpedia

Vodafone Group Plc is looking to cut about 1 billion euros ($1.1 billion) off the book value of its Indian venture, as the payment demands are increasing amid the Indian price war. According to some reports, the company could write down its 45% stake in Vodafone Idea Ltd. to around 600 million euros in half-year results on Tuesday, from 1.6 billion euros in May. The company CEO Nick Read is in constant touch with the shareholders.


business