VODAFONE SAYS INDIAN TELECOM MARKET ATTRACTIVE.

The Managing Director and Chief Executive Officer of Vodafone Mr.Marten Pieters
has said that the telecom market in India continues to be attractive.
However he is of the opinion that the industry construct is wrong and he wants
consolidation ,thereby the number of operators needs to go back to 5-6.
Vodafone would be interested to buy the 3G spectrum and is not prepared
to pay the taxes and wants to do away with such regulations.
It is a fact that Vodafone has been noticed by DOT to pay Rs11217 crore

towards taxes for its dealings with Hutchison which the company evaded
after getting a favourable order from the supreme court.But the then Finance
Minister,Shri.Prnab Mukharjee moved an amendment to the respective taxation
law and was passed by the Parliament with retrospective effect.Based on this the
DOT has issued the new notice.
This is an instant case as to how foriegn companiesloot the Indian people.
They do not want any regulations in the country to block their free dealings
and to amass maximum profit.

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