Vodafone India arm hit by write-down, delays listing

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By John Loh
17 Nov 2016

Vodafone’s plans for an IPO of its Indian unit suffered a setback after it wrote down the value of the business by €5bn ($5.4bn) amid fierce competition, saying the float will not happen before March.

The UK telecommunications giant could nonetheless file a preliminary prospectus for the listing next month as it moves closer to a long-awaited divestment, according to sources close to the matter. 

Vodafone said in an earnings statement on Tuesday that it intends to proceed with an IPO of Vodafone ...

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