Vodafone Ordered to Pay $554 Million Deposit to Indian Court

Vodafone Group (VOD) was ordered by an Indian court to put up a deposit of 25 billion rupees ($554 million) while it challenges an Indian tax bill.

Vodafone, the world’s largest mobile-phone company, has to set aside 25 billion rupees with the court …

Verizon Names Wireless Unit Exec as New COO

Early Monday, telecom giant Verizon Communications (VZ) named Lowell McAdam president and COO, which would put him in line to eventually succeed longtime CEO Ivan Seidenberg. McAdam currently serves as the CEO of Verizon Wirele…

Court Rules Vodafone Must Pay $2.6 Billion in Taxes in India

British mobile phone operator Vodafone (VOD) was ordered by an Indian court to pay $2.6 billion in taxes on a 2007 transaction that gave it a major presence in the country’s mobile phone market.

The court ruled that Vodafone was liable for Indian tax…

Vodafone Sells China Mobile Stake for $6.5 Billion

Vodafone Group, the world’s largest mobile communications company by revenue, has agreed to sell its entire 3.2% stake in China Mobile for $6.5 billion, close to doubling its original investment in the company.
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