Vodafone keen to raise stake in Bharti
Britain’s Vodafone Group said on Wednesday that it was keen to increase its presence in India and China, where it holds minority stakes in local operators.
By TNN |
LONDON: Britain’s Vodafone Group said on Wednesday that it was keen to increase its presence in India and China, where it holds minority stakes in local operators.
“These are markets we would seek to increase our exposure (to) over time whether by direct increase of our stake, which may be the case in India, or by accessing other mobile-related growth areas which is more likely to be the case in China,” Vodafone chief executive officer for the EMAPA emerging markets business, Paul Donovan, told analysts and investors.
Vodafone owns 10% in Bharti Airtel and around 3% in China Mobile, the world’s biggest mobile operator in terms of subscribers.
Mr Donovan said the group would look to partner with local fixed-line firms in emerging markets to develop the market for total communications. It would also like to invest in its own fixed-line network in markets like Romania where it was tough to get a partner.
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