Vodafone Group has reportedly revived its plan to launch an Initial Public Offering (IPO) for its Indian subsidiary Vodafone India next year, reports Moneycontrol.com. The report mentions that India's second largest telecom operator is apparently looking to raise as much as $4 billion through this IPO, which would make it one of the largest ever in the country. Vodafone Group is expected to take a final call on the valuation by August 2015, and complete the IPO process by the end of Q4-FY16. It's worth noting that former Vodafone CEO Martin Pieters has said during the company's Q2-FY13 earnings conference call that the company does intend to go for an IPO but was awaiting clarity on regulatory matters including spectrum fee, refarming, 3G ICR and other related developments. Later, in October 2013, the company put its IPO plans on hold due to lack of clarity regarding license extensions and pricing of spectrum. The company had also been entangled in a tax dispute case with the Indian government since 2013, which finally got resolved earlier this year. Vodafone Group had bought out Vodafone India’s minority stakeholders like Analjit Singh and Piramal Healthcare to acquire 100% stake in the company, in April last year. Payments bank license: In February this year, Vodafone applied for a payments bank license with the RBI. The company said it's exploring options for partnerships and would look to leverage its telco experience in the mobile payments space. Note that Vodafone subsidiary Vodafone M-Pesa Limited (VMPL) received a three year renewal of its prepaid wallet license…
- Here are some specs of the time servers the Indian government wants companies to sync their clocks to: RTI December 6, 2022
- RBI Disallows Securitising Loans With Less Than 365-Days Residual Maturity December 6, 2022
- Indian govt may hold social media firms accountable for algorithms under ‘Digital India Act’ December 6, 2022
- Event Announcement: Reworking The Data Protection Bill, Bangalore, 14th Dec #Ad December 6, 2022
- DPDP Bill 2022: A Balance of opportunities and data protection objectives December 6, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
New bill narrows focus over predecessors that went heavy on data sovereignty, localisation and compliance. What explains this change?
The Structure and Style of a Dogma Community: Conspiracy theories and organized Twitter engagement on Sushant Singh Rajput
Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement
Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'
India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...