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

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Vodafone Group plc : India May Waive Penalties On Past Vodafone-Type Deals - Report

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05/03/2012 | 07:22am CEST

India is considering waiving penalties on all past cross-border deals that would come under the scanner of tax authorities once parliament clears a proposal to retroactively tax such transactions, the Economic Times reported Thursday.

Citing an official familiar with the matter, the report said the penalty waiver may pare down Vodafone Group PLC's (VOD.LN) arrears to the government from a 2007 purchase of a telecommunication venture in India to INR79 billion from INR200 billion.

According to the report, Vodafone's total arrears include INR79 billion as tax and an equal amount as penalty for failure to deduct tax at source in 2007. The remaining is the interest on delayed payment of tax, it said.

The plan to waive penalties is part of the government's efforts to pacify foreign investors spooked by recent tax proposals, the report said.

Newspaper website: http://www.economictimes.com

-By Bangalore Bureau; Dow Jones Newswires; [email protected]

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Financials (€)
Sales 2018 46 172 M
EBIT 2018 4 290 M
Net income 2018 1 850 M
Debt 2018 32 041 M
Yield 2018 6,09%
P/E ratio 2018 32,27
P/E ratio 2019 24,69
EV / Sales 2018 2,10x
EV / Sales 2019 2,05x
Capitalization 64 822 M
Technical analysis trends VODAFONE GROUP PLC
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TrendsBearishBearishBearish
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Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 2,75 €
Spread / Average Target 13%
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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
Samuel Esson Jonah Independent Non-Executive Director
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