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

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
08/27 VODAFONE : backs EC bid to tighten OTT communications regulations
08/27 VODAFONE : Charities urged to stake claim for £1,000 Hinckley Times giveaway
08/26 VODAFONE : Afrimax-Vodafone deploys TD-LTE network in Cameroon
08/25 IDEA CELLULAR : slips nearly 3% as co denies merger reports
08/25 VODAFONE : India to delay IPO filing until towards end-2016 - IFR
08/25 VODAFONE : Portugal launches new Smart Router for TV subscribers
08/24 VODAFONE : Information for vodafone uk customers affected by italian earthquake
08/24 VODAFONE : South Canterbury rollouts increase 4G coverage
08/24 VODAFONE SUPERNETTM4G ON SUPERIOR 18 : With a bonanza of special offers for cust..
08/24 Gsm telcos add 2 million users in jul 2016
More news
Sector news : Wireless Telecommunications Services - NEC
08/25DJAXIATA BHD : 2Q Net Profit Down 69% at MYR188.9 Million
08/24 Samsung, Tencent surge in race to become Asia's most valuable firm
08/23 India's Idea Cellular denies report on merger talks with Vodafone
08/23DJCHINA TELECOM : 1st Half Net Profit Up 6.3% at CNY11.67 Billion
08/22 AT&T signs deal to offer roaming services in Cuba
More sector news : Wireless Telecommunications Services - NEC
Advertisement
Financials ( GBP)
Sales 2017 44 715 M
EBIT 2017 3 765 M
Net income 2017 1 299 M
Debt 2017 32 123 M
Yield 2017 5,22%
P/E ratio 2017 43,13
P/E ratio 2018 30,33
EV / Sales 2017 2,11x
EV / Sales 2018 2,04x
Capitalization 62 014 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 2,52  GBP
Spread / Average Target 8,1%
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 PLC81 460
CHINA MOBILE LTD.10.44%253 644
AT&T INC.18.22%250 263
NTT DOCOMO INC7.49%102 554
VODAFONE GROUP PLC5.45%81 460
KDDI CORP-0.42%79 672
More Results