The company has already made payments for the spectrum according to rules.
Vodafone, according to sources, in its response to the Finance Ministry's offer for conciliation, had expressed keenness to settle the long-pending capital gains tax dispute.
Vodafone has to sell its entire stake in Airtel following new norms issued by government.
New customer additions by Reliance Jio and Bharti Airtel pushed the Indian telecom subscriber base past 120.5 crore in June, according to a Trai report released on Tuesday. The wireless subscriber base grew marginally to over 117 crore and wireline connections in the country increased to 3.51 crore in June from 116.89 crore and 3.47 crore, respectively, in May, as per data released in Trai's subscriber report for June.
The appointment is effective from February 16, 2012, following formal approval from the Board of Vodafone India.
The current termination charge is 10 paisa a minute.
The Foreign Investment Promotion Board (FIPB) on Monday deferred a decision on Vodafone's Rs 10,141 crore (Rs 101.41 billion) proposal to buy out minority shareholders in its Indian arm as the Ministry of Home Affairs is yet to give its comments.
The world's largest mobile operator by revenue, Vodafone, which operates in India with a joint venture with Essar Group, on Monday said it will invest more in India as it sees more opportunities in the country.
The revenue department, sources said, will pursue the tax demand along with accrued interest and penalty.
SC directs CBI to take action over extra spectrum allocation during NDA rule.
Vodafone India has doubled its mobile Internet rates for 2G and 3G customers across the country, and it is being implemented in a phased manner.
Likely to seek FIPB approval to raise holding; deal could bring FDI of about $696 mn.
The company will spend Rs 10,141 crore to buy 15.5 per cent stake from minority investors.
The money will be used to build capacity.
Vittorio Colao, who is currently on an India visit, said he would be open to listing his company in the country
Prominent exits by promoters included a Rs 15,300 crore share sale in Indus Tower by Vodafone Plc, a Rs 9,300 crore share sale by the Tata group in Tata Consultancy Services.
Ruias-led Essar Group on Friday launched a scathing attack on Vodafone saying that the British company is trying to gain 100 per cent control of the telecom JV Vodafone-Essar at an "artificially depressed value".
Company also called for clarity on jurisdiction and role of the TRAI and TDSAT.
Mobile services provider Vodafone on Tuesday said it has signed an agreement with software products major Apple to sell iPhone in India, besides nine other markets. iPhone is a mobile phone that allows its user to make calls by simply tapping a name or number in the address book. It lets the customer to select and listen to voice mail messages in whatever order the consumer wants.
The foreign investment regulator cleared a decision on Vodafone Group Plc's $1.6 billion plan to take full ownership of its local unit.
Vodafone, which acquired controlling stake in India's Hutch Essar, will bring its brand to the subcontinent later this year, the company's chief executive officer Arun Sarin has said.
Adjusted gross revenue of the industry has grown just 5.3 per cent during the financial year ended March 31
Vodafone wrote to the government proposing conciliation.
The telecom giant has asked FinMin for a settlement.
All the three companies, which dominate India's mobile services market with about 53 per cent share, have reduced the quantum of Internet download and/or validity periods on various packages they were offering, as per their websites.
The company says the reminder does not include a deadline for payment.
Fair valuation of minority stake in joint venture at core of dispute; different worth of shares in two Essar entities a thorny issue.
India's top three GSM mobile operators, Bharti, Vodafone and Idea Cellular have joined hands to set up an independent tower company, Indus Towers, that aims to share passive infrastructure with all telecom players to enable lower cost and a more competitive operative environment.
Last week, Essar had decided to prepay $900 million of this debt to foreign lenders.
In a bid to break the stalemate on the Vodafone tax issue, the Cabinet on Tuesday approved a proposal for non-binding conciliation with the British telephone major, the outcome of which will have to be ultimately approved by Parliament.
The Finance Ministry is of the opinion that Vodafone might drag its tax dispute to court.
Vodafone has rejected a restructuring call by an activist investor lobby that would have unlocked up to $75 billion to shareholders, saying such business strategies could have prevented it from recent acquisitions such as Hutch-Essar in India.
Experts say the impact on the schemes' NAVs may vary in the coming days, depending upon how fund houses treat the developments on VIL and whether there are any further rating downgrades or credit events.
Vodafone Essar on Thursday said it has crossed the 100-million subscriber mark in India, becoming the third mobile operator in the country to do so after rivals Bharti Airtel and Reliance communications.
DoT has rejected the demand of Vodafone India for licence extension in three circles.
Opening another line of inquiry into the Hutch-Essar shareholding structure, the Foreign Investment Promotion Board (FIPB) is looking into the call options that would together give Vodafone a further 15.03 per cent proportionate indirect equity owner
Bharti Airtel on Thursday submitted its bid for 3G spectrum, auction for which starts from April 9.
Last year, the finance ministry had sent a reminder notice to Vodafone to pay Rs 14,000 crore (Rs 140 billion) of income tax dues, which the telecom major said it didn't owe. Later, it offered conciliation.
