Infographic: How Vodafone burnt its fingers in India
Vodafone entered India in 2007 with the hope to make big gains in a growing telecom market, but 12 years later that hope stands crushed due to tax hurdles and aggressive competitors
- Dec 5, 2019,
- Updated Dec 11, 2019 5:12 PM IST
British telecom giant Vodafone's India operations started off with an existing strong subscriber base of Hutch-Essar, but soon it got caught in a web of domestic tax litigations. Profits remained elusive for a long time and the industry landscape changed for the worse. This BusinessToday.In infographic looks into the reasons why Vodafone finds itself in a precarious position in today's Indian telecom market.
Graphic by Mohsin Shaikh
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British telecom giant Vodafone's India operations started off with an existing strong subscriber base of Hutch-Essar, but soon it got caught in a web of domestic tax litigations. Profits remained elusive for a long time and the industry landscape changed for the worse. This BusinessToday.In infographic looks into the reasons why Vodafone finds itself in a precarious position in today's Indian telecom market.
Graphic by Mohsin Shaikh
ALSO READ: Infographic: Can telcos survive Rs 93,000 crore AGR blow?
ALSO READ: Vodafone Idea in crisis; why it should not die
ALSO READ: Vodafone Idea presses I-T Department for Rs 7,000 crore tax refund