Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Telecoms giant fights back after price war
Thursday 23 Mar 2017 Author: David Stevenson

Vodafone’s (VOD) torrid time in India could be over. After entering the market in 2007, the firm was embroiled in a tax dispute for $2.5 billion that is still ongoing.

Reliance Jio Infocomms’ move into the telecoms market last year impacted Vodafone’s profits as Jio was offering free services for months, forcing its competitors to slash prices. Vodafone’s response was to merge with Idea, another major telecoms player.

The new entity will have the largest market share of customers and revenues by the third quarter according to Vodafone.

‹ Previous2017-03-23Next ›