Advancing Vodafone’s strategy of shedding non-core minority assets in mature wireless markets, Polish media tycoon Zygmunt Solorz-Zak agreed to purchase Polkomtel, Poland’s second largest wireless operator, from Vodafone and its domestic Polish partners in a cash deal valued at US$5.43 billion.
In the recent case of Singtel Optus Pty Limited v Vodafone Pty Limited, Optus sought an injunction to restrain Vodafone from airing two commercials promoting their 'Infinite' mobile phone plan on the basis that they were misleading and deceptive to the ordinary consumer.
Pending a final decision on Vodafone’s appeal against a government directive that holds Vodafone liable for US$2.5 billion in taxes and interest accruing from the company’s 2007 acquisition of Hutchison Essar, the Supreme Court of India ordered Vodafone on Monday to submit a deposit of $554.1 million within three weeks as well as bank guarantees within eight weeks that would cover the outstanding portion of the government’s tax claim.
Traditionally, originating communications providers ("OCPs"), for example mobile network operators offering customers the ability to call 0845 and 0870 numbers, subject calls to such numbers to retail charges.
On 5 February 2010, Ofcom issued a determination to resolve disputes between BT and each of T-Mobile, O2, Vodafone and Orange ("the MNOs").
In March 2007, the ECJ concluded that the UK’s Thin Cap rules would offend Community law unless they could be interpreted as applying only to wholly artificial arrangements designed to obtain a tax advantage and protected genuine commercial arrangements from any thin cap adjustments even if beyond arm’s length terms.
The Court of Appeal has recently found in favour of the Revenue in the controversial case of Vodafone 2 v HMRC.
T-Mobile USA may be required to modify its stake in a rural carrier that it owns jointly with Verizon Wireless, after being notified by FCC officials that Deutsche Telekom’s (DT’s) non-controlling stock interest in T-Mobile appears to violate foreign ownership benchmarks as it pertains to the carrier in question.
Since HM Treasury launched a consultation on reforming the United Kingdom’s regime for the taxation of companies’ foreign profits 13 months ago, the subject of taxation generally has become a political hot potato, with the Government forced rather hurriedly to revise a number of proposed reforms to the tax system amid a shower of hostile headlines.
Late last week, India’s finance minister signed off on Vodafone’s proposed acquisition of a 52 stake in wireless operator Hutchison Essar (HE), allowing Vodafone to complete the U.S. $10.9 billion transaction on Tuesday.