Article taken from: finance.yahoo.com
Advertisements for Vodafone India Ltd. and Idea Cellular Ltd. are displayed on a street in Mumbai, India, on Tuesday, Nov. 15, 2011. The wireless market in India, Asia’s third-biggest economy, is forecast by research firm Gartner Inc. to exceed 872 million active users by the end of 2014. Photographer: Dhiraj Singh/Bloomberg via Getty Images More Shares of Vodafone Idea fell by more than 23% on Friday after India’s apex court ordered the country’s second-largest telecom operator and Airtel, the third-largest telecom network, to arrange and pay billions of dollars in dues in a month. […] Vodafone Idea had more than 336 million subscribers as of November last year, according to official figures (PDF). […] In recent months, executives of U.K.-headquartered Vodafone, which owns 45% of Vodafone Idea, have said that the group’s telecom business in India would “shut shop” if the government does not offer it any relief.
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