LONDON, Nov 10 (Reuters) - Britain's Vodafone saidon Tuesday it had started preparations to float its Indian unitas it reported a return to earnings growth for the group as awhole in the first half.
"We have recently begun preparations for a potential IPO ofVodafone India, subject to market conditions," the mobileoperator said.
Vodafone added 4.4 million customers in India in the firsthalf of the year, taking its total in the country to 188.2million.
Investors have been expecting Vodafone to float its Indianbusiness but the plan has been delayed by a long-running taxdispute with the government and fierce competition in themarket.
(Reporting by Paul Sandle; editing by Kate Holton)
Vodafone (VOD)