Vodafone shares rise after Indian deal

Vodafone shares were trading higher today after the UK-based mobile phone group won the battle for control of India’s Hutchison Essar.

Vodafone shares rise after Indian deal
Mon, 12 Feb, 2007 - 09:33

Vodafone shares were trading higher today after the UK-based mobile phone group won the battle for control of India’s Hutchison Essar.

In a deal reported to be the single largest foreign investment in India’s history, Vodafone beat off Reliance Communications and Essar itself to buy Hutchison’s controlling stake for $11.1bn US (€8.5bn).

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