6 thoughts on “Vodafone buys into India”

  1. It was a wrong move. I know Sunil since a long time. I should say from the days since he was an ITI supplier. It depends on what Vodafone is looking for. Are they just trying to be like Singtel or they want to takeover Bharti ? The latter will not happen as I know Sunil won’t give up control of this company which he has organically grown from a single circle(Delhi) into nations second largest telecom company.

    If I were Sarin, I would negotiate with IDEA cellular and Anil Ambani controlled Reliance Telecom and simaltenously takeover the two. IDEA would give a big foot-print in regions of North and West while Reliance Telecom would give him whole of East. Then I would look to grow. But Sarin is Vodafone CEO and I am still a programmer LOL. So guess Sarin has something planned but that may not work in India as the economy is lot different. Hopefully the western CEOs wont spoil the Indian market.

  2. OR is this the first step for Mr Mittal’s Global ambitions…Take over of Vodafone…Welcome to the Indian Multinational

  3. And Telefonic just snared o2 for like $35bn,. And o2 has 22m customers (but in saturated markets). But then o2’s cusotmers are worth a lot more (by ARPU) than Bharti…

  4. What can I say about it, India is going to be huge. It will be 2nd to china in that respect. Imagine us being behind both china and india some day soon. Depressing as hell, but now we know what england has been going through this past century.

  5. $15 billion US dollars for 20 million customers seems really steep considering how little revenue is coming in. What is the average monthly recurring revenue per customer? My impression was that it was quite low in terms of US dollars.

  6. Dear Jacob:
    Conservatively expecting an EPS of Rs10.00 for the year ending March-06, the stock price of Rs330 is at a P/E of 33, which is fair for a company growing at the rate of 30-40%. Read BusinessWeek on how the IBM CEO showered praises for Sunil and his business model. Only thing that concerns me is Sunil diversifying into Infrastructure which will make him little lesser focused on Telecom.

    Ghosh at Hutch is another aggressive CEO. Hutch and BSNL are gaining grounds at cost of Bharti for customers who want national roaming. Hope Sunil gets this message soon.

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