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In May 2011, Vodafone Group Plc bought the remaining shares of Vodafone Essar from Essar Group Ltd for $5 billion. [95] In October 2013, it was reported by Reuters that Vodafone planned to invest as much as $2 billion (£1.2 billion) to buy out minority shareholders in Vodafone India. [96]
This list has all global annual earnings of all time, limited to earnings of more than $40 billion in "real" (i.e. CPI adjusted) value. Note that some record earning may be caused by nonrecurring revenue, like Vodafone in 2014 (disposal of its interest in Verizon Wireless) [1] or Fannie Mae in 2013 (benefit for federal income taxes).
Mobitelea Ventures Limited were granted an option to purchase 25% of Vodafone's shares which they completed in 2002, Vodafone bought back half of the stake in 2003 for $10 million, [32] and in the financial year ending 31 March 2009 purchased the remaining indirect equity stake of 5%, thus returning Vodafone to its original 40% stake-holding. [33]
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It was completed on 31 August 2018, and the new entity was named Vodafone Idea. [17] [18] [11] Under the terms of the deal, the Vodafone Group Plc held a 45.2% stake in the combined entity, the Aditya Birla Group held 26% and the remaining shares were to be held by the public. [11]
Read became the CFO for Vodafone's UK business in 2002 and then CCO in 2003. [7] On 1 May 2006, he became the CEO of Vodafone UK. [7] In 2008, Read became the Group's Chief Executive for the Africa, Middle East and Asia region. In this role he became a board member of numerous Vodafone subsidiaries, joint ventures and minority positions.
Vodafone Limited, (stylised as vodafone), trading as Vodafone UK, is a British telecommunications company, owned by Vodafone Group, the world's eighth-largest telecommunications company. [3] Vodafone is the third-largest mobile network operator in the United Kingdom , with 18.4 million subscribers as of November 2024, [ 4 ] after O2 and EE ...
On 5 December, Vodafone Group Plc sold the remaining 3.05% stake permanently exiting the company. The stake sale will be used to pay $101 million owed to indian banks & the remaining money will be used to subscribe to preferred shares of Vodafone Idea which will be used to reduce vi's outstanding debt with Indus Towers.