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Pin to quick picksVodafone Share News (VOD)

Share Price Information for Vodafone (VOD)

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Share Price: 75.24
Bid: 75.18
Ask: 75.22
Change: -1.92 (-2.49%)
Spread: 0.04 (0.053%)
Open: 76.72
High: 76.94
Low: 74.92
Prev. Close: 77.16
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Vodafone has 30 days to pay India $2.5bn tax bill

Fri, 22nd Oct 2010 15:50

Vodafone has been given a 30-day deadline to pay a $2.5bn tax bill the Indian authorities say it owes following the acquisition of Hutchison Whampoa assets three years ago.The mobile phone giant is appealing against the decision, claiming the $11bn deal is not subject to taxation as it was struck between two offshore entities.British firm Vodafone bought the Indian telecoms assets of Hong Kong conglomerate Hutchison Whampoa in 2007."Vodafone strongly disagrees with the tax calculation," the company said in a statement after receiving its first formal tax demand from the Indian tax department."The tax authority is attempting to interpret Indian law as it has never been interpreted for the past 50 years, and this interpretation also goes against internationally recognised tax norms."Vodafone's boss Vittorio Colao is not a happy man. He's paying $2.6bn for a 3G licence and investing another $500m in the network."We need to get more certainty that regulation will not come back and bite us in order to confirm our investment," said he told India's Economic Times newspaper."I have actually invested more in India because I do believe in the country, but of course now I also need a positive outcome from the tax case and stable regulatory environment to continue."
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LONDON BROKER RATINGS: RBC cuts Antofagasta; Shore likes Trainline

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3 Aug 2023 13:19

IN BRIEF: James Fisher hires new CFO from Johnson Matthey

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Surprise US debt downgrade knocks European stocks to two-week lows

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UAE's e& offers to increase stake in Vodafone to 20% - e& CEO to CNBC Arabia

DUBAI, Aug 2 (Reuters) - UAE's e& EAND.AD CEO Hatem Dowidar told CNBC Arabia on Wednesday his company was seeking to increase its stake in Vodafone to 20%.

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United Internet shares surge on Vodafone deal with 1&1

(Sharecast News) - Shares in United Internet surged on Wednesday after its majority-owned German mobile and broadband provider 1&1 agreed agreed a deal for Vodafone to provide 5G coverage to its customers, in a move that would see it replace Telefonica Deutschland.

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2 Aug 2023 16:31

UAE's e& seeking to raise Vodafone stake to 20% - e& CEO to CNBC Arabia

DUBAI, Aug 2 (Reuters) - UAE's e& CEO Hatem Dowidar told CNBC Arabia on Wednesday his company was seeking to increase its stake in Vodafone to 20%.

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Germany's 1&1 switches to Vodafone for 5G network deal

LONDON, Aug 2 (Reuters) - German mobile and broadband provider 1&1 said it had agreed a deal for Vodafone to provide 5G coverage to its customers, ousting current network partner Telefonica Deutschland by October 2024 at the latest.

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Vodafone boosted by 1&1 5G network deal in Germany

LONDON, Aug 2 (Reuters) - Vodafone said on Wednesday it had agreed a long-term, exclusive national roaming partnership deal to provide 5G mobile coverage to 1&1's customers in Germany, in a deal which it said would be cashflow accretive from its 2026 financial year.

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TOP NEWS: Vodafone inks national roaming agreement with 1&1 in Germany

(Alliance News) - Vodafone Group PLC on Wednesday said that Vodafone GmbH and 1&1 Mobilfunk GmbH have agreed a long-term national roaming partnership.

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