Vodafone Buys 10% Stake in Bharti Tele-Ventures

London -- U.K.-based Vodafone Group Plc, the largest mobile-phone
operator in the world, announced that it has returned to the Indian
market by acquiring 10% of Bharti Tele-Ventures Ltd. for
approximately £840 million. Bharti is currently the largest and the
fastest-growing mobile company in India, with more than 14.1 million
customers, or 22% market share. "We have been thinking about India
for the last year or so, and India is a fast-growing economy," said
Vodafone CEO Arun Sarin. "All around the world, the need to
communicate is a basic human instinct, and I believe the number of
mobile phone users in India will rise very smartly."
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