Is Vodafone a Solid Investment?
T = Trends for a Stock’s Movement
Vodafone is a mobile communications company that provides a range of communication services and operates across the globe. The firm’s products and services cover voice messaging, data, fixed-line solutions, and devices to assist customers in meeting their total communications needs. Vodafone operates in three geographic regions: Europe, Africa, and Central Europe; Asia Pacific; and the Middle East.
Regulators in India have approved Vodafone Group PLC’s bid to take complete ownership of its Indian unit after the government there changed a rule in August that now allows telecom companies to have complete ownership of their local divisions in India rather than restricting that ownership to 74 percent, the New York Times reports. Economic Affairs Secretary Arvind Mayaram told the Times on Monday that India’s foreign investment regulator has approved Vodafone’s plan to take full control of Vodafone India, but the deal still needs to be approved by India’s federal cabinet. The acquisition of the remaining stake in Vodafone India will cost Vodafone Group $1.6 billion, per the publication.