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Indian Court Rules in Favor of Vodafone

Posted January 20th, 2012 at 5:15 am (UTC-5)
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India’s Supreme Court has ruled British telecom giant Vodafone is not liable for more than $4 billion in back taxes and penalties for its purchase of an Indian mobile operator. The dispute centered on Vodafone’s $11 billion purchase in 2007 of a majority stake in the Hong Kong-based Hutchison Whampoa’s Indian mobile unit. Vodafone had […]

Tags: , Posted in Economy, South Asia

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