Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Vodafone Group plc    VOD   GB00B16GWD56

No quotes available
-- GBP   --.--%
09/26 VODAFONE : Out of reach . . .
09/26 16TH VODAFONE A : Watch it Live on Vodafone play
09/26DJIndian Stocks Emerge From the Crowd
SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Telecom Firms Lobby With India Government Against Regulator's Bandwidth Auction Proposals

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/02/2012 | 02:11pm CEST

The chiefs of Indian and foreign mobile-phone companies Wednesday met with top government officials to press their views against the telecommunication regulator's recent bandwidth auction proposals such as a steep base price.

The meetings come a week after the Telecom Regulatory Authority of India proposed starting prices for the bandwidth sale several times higher than what operators pay currently, and also the auction of only one slot of bandwidth, among others.

Local operators have called the proposals "regressive." Analysts say the suggestions, if accepted by the government, will increase operational costs for companies and call tariffs for consumers.

Monday, the government said it was referring back the bandwidth auction proposals to the regulator for a review, and expects TRAI to revert by May 14. India plans to take a final decision on the auction process by the end of May.

After the meetings Wednesday, Jon Fredrik Baksaas, chief executive of Norway's Telenor ASA (TEL.OS), which runs its Indian operations through a joint venture, said that the auction proposals weren't as per the Supreme Court's directions and that the regulator completely ignored the views of all operators while framing the proposed rules.

"India must remain an attractive destination for all foreign investors across industries, not only because of the growth potential it indeed offers, but also its predictable, logical and investor-friendly policy environment," he added.

Bharti Airtel Ltd. (532454.BY) Chairman Sunil Mittal, Idea Cellular Ltd. (532822.BY) Chairman Kumarmangalam Birla, and Vodafone Group PLC (>> Vodafone Group plc) CEO Vittorio Colao were among the other executives who met with officials including Finance Minister Pranab Mukherjee, Commerce Minister Anand Sharma and Telecom Secretary R. Chandrashekhar.

The executives are scheduled to meet with Telecom Minister Kapil Sibal later Wednesday.

Bharti's Mittal told reporters that the regulator's proposals were "catastrophic for the industry," and "destructive."

TRAI officials couldn't be immediately reached for comment, but Chairman J.S. Sarma has previously justified the auction proposals.

-By R. Jai Krishna, Dow Jones Newswires; +91.11.4356.3333; krishna.jai@dowjones.com

Stocks mentioned in the article : Vodafone Group plc
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on VODAFONE GROUP PLC
09/26 VODAFONE : Out of reach . . .
09/26 16TH VODAFONE AAGOMONI PRESENTS THE : Watch it Live on Vodafone play
09/26DJIndian Stocks Emerge From the Crowd
09/26 VODAFONE : 'Yee Twi Kor Reloaded' Launched
09/26 VODAFONE : Calvi selected by Vodafone Germany to create a more customer-centric ..
09/26 VODAFONE : Chaka Chaka, Amandzeba, Wiyaala Others Thrill Patrons At Vodafone Leg..
09/26 VODAFONE : Telcos start mobile money interest payment today
09/25 VODAFONE : overcharged my mother by £2,000 after it gave her free data in store
09/24 VODAFONE : gets Rs 47,700 crore fund infusion from parent company
09/24 VODAFONE : Mast is good to talk, but not see
More news
Sector news : Wireless Telecommunications Services - NEC
09/23 AT&T : agrees to pay $450,000 to settle U.S. probe
09/23DJAFK SISTEMA : Russia's Sistema Sells Stake in MTS for $100.4 Million
09/23DJSOFTBANK : Grab Joins nuTonomy to Offer Self-Driving Taxis in Singapore
09/22 Vodafone injects 477 billion rupees into Indian arm as competition intensifie..
09/21 European tech firms tiptoe back to IPO market
More sector news : Wireless Telecommunications Services - NEC
Advertisement
Financials ( GBP)
Sales 2017 45 609 M
EBIT 2017 3 857 M
Net income 2017 1 281 M
Debt 2017 32 943 M
Yield 2017 5,59%
P/E ratio 2017 40,37
P/E ratio 2018 28,56
EV / Sales 2017 2,01x
EV / Sales 2018 1,96x
Capitalization 58 729 M
More Financials
Technical analysis trends VODAFONE GROUP PLC
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus 
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 2,50  GBP
Spread / Average Target 13%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Vittorio Amedeo Colao Chief Executive Officer & Executive Director
Gerard Johannes Kleisterlee Chairman
Nicholas Jonathan Read Group Chief Financial Officer & Executive Director
Johan Wibergh Group Technology Officer
Philip Edward Yea Senior Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
VODAFONE GROUP PLC76 133
CHINA MOBILE LTD.9.18%254 171
AT&T INC.19.97%253 955
NTT DOCOMO INC6.56%102 476
KDDI CORP1.41%81 810
SOFTBANK GROUP CORP9.47%79 077
More Results