In its first global investors meet held in India, Vodafone on Thursday updated 60 of its global investors on the country's regulatory uncertainty.
The company said the one-nation, one-licence rule, and free national roaming are the biggest policy uncertainties for the sector.
Vodafone's brass, including chief executive officer Vittorio Colao, told investors roaming policy was applicable to its 3G licences, in spite of claims that it was not.
The company, which is already engaged in talks over the issue with the government, said it was ready to go to the Telecom Disputes Settlement & Appellate Tribunal, or even to the highest court, in case of an adverse decision.
However, it remains confident that the mergers and acquisitions rules and licence extensions may get finalised by early next year.
The event, which concluded on Thursday, gathers significance in the backdrop of Vodafone Plc's plan of listing its India subsidiary.
Colao earlier said the company would begin the run-up to an initial public offer this year end, if it got a favourable ruling on the tax dispute.
It, however, skipped the $2.6-billion tax dispute in its interaction.
Vodafone's India business moved to profits for the first time in four years, this May.
But the margin pressure persists.
The numbers in the presentation indicate a declining trends in key parameters such as average revenue per user, which stood at Rs 168,