Reuters
Reuters news

Situation critical: Vodafone's future in India in doubt after court ruling

LONDON (Reuters) – Vodafone said its future in India could be in doubt unless the government stopped hitting operators with higher taxes and charges, after a court judgment over license fees resulted in a 1.9 billion euro group loss in its first half.

Chief Executive Nick Read said India, where Vodafone formed a joint venture with Idea Cellular in 2018, had been “a very challenging situation for a long time”, but Vodafone Idea still had 300 million customers, equating to a 30% share of the sizable market.

“Financially there’s been a heavy burden through unsupportive regulation, excessive taxes and on top of that we got the negative supreme court decision,” he said on Tuesday.

Vodafone had asked the government for a relief package comprising a two-year moratorium on spectrum payments, lower license fees and taxes and the waiving of interest and penalties on the Supreme Court case, which centered on regulatory fees.

Asked if it made sense for Vodafone to remain in India without such a relief package, he said: “It’s fair to say it’s a very critical situation.”

Read Full Source

Cloud Security Health

Are Smart Pills a Smart Idea for the IoT?

Smart Pills and IoT It stands to reason that the medical industry would be the most likely place for groundbreaking

Karen Gondoly

You Don’t Need Cloud Desktops, You Need Cloud-Based VDI. Here’s Why

Cloud Desktops / Cloud-Based VDI Virtual Desktop Infrastructures (VDI) have been around for a while. As an example, VMware started

Brands Tech

Brand Identity Technology Trends Is Now The Crux Of Business

Brand Identity Trends When Tim Cook and Apple pushed back against the FBI’s iPhone hack request, the resulting conflict hit

Docker

New Filesharing Implementation in Docker Desktop Windows Improves Developer Inner Loop UX

A common developer workflow when using frameworks like Symfony or React is to edit the source code using a Windows

Bbc Tech

The NHS robots performing major surgery

How would you feel about a robot performing major surgery on you? 2019 has seen a boom in the use

Wired Logo

Toys “R” Us Is Back—Now With More Surveillance!

Reports about the toy store using cameras to track shoppers caused an uproar, but the companies behind the tech insist