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    VOD   GB00BH4HKS39

VODAFONE GROUP PLC

(VOD)
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Vodafone : Government to study Vodafone arbitration case award

09/25/2020 | 10:06am EDT
The spread of the coronavirus disease (COVID-19), in Cairo

India's government said on Friday that it will study an international arbitration tribunal's ruling in favour of Vodafone Group Plc, ending one of the most high-profile disputes in the country involving a $2 billion tax claim.

An international arbitration tribunal in The Hague ruled that India's imposition of a tax liability on Vodafone, as well as interest and penalties, were in a breach of an investment treaty agreement between India and the Netherlands.

It also directed India to pay 4.3 million pounds ($5.47 million) to the company as compensation for its legal costs.

"The government will be studying the award and all its aspects carefully in consultation with our counsels," India's finance ministry said in a statement, adding that it will consider all options, including legal remedies.

(Reporting by Chandini Monnappa in Bengaluru; Writing by Devjyot Ghoshal; editing by Louise Heavens)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
VODAFONE GROUP PLC 2.41% 118.84 Delayed Quote.-4.05%
VODAFONE IDEA LIMITED -9.73% 8.35 Delayed Quote.-13.15%
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Financials
Sales 2022 45 041 M 52 971 M 52 971 M
Net income 2022 2 450 M 2 882 M 2 882 M
Net Debt 2022 42 567 M 50 060 M 50 060 M
P/E ratio 2022 16,7x
Yield 2022 6,73%
Capitalization 37 739 M 44 393 M 44 383 M
EV / Sales 2022 1,78x
EV / Sales 2023 1,74x
Nbr of Employees 105 000
Free-Float 97,8%
Chart VODAFONE GROUP PLC
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Vodafone Group Plc Technical Analysis Chart | VOD | GB00BH4HKS39 | MarketScreener
Technical analysis trends VODAFONE GROUP PLC
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 23
Last Close Price 1,36 €
Average target price 1,97 €
Spread / Average Target 44,9%
EPS Revisions
Managers and Directors
Nicholas Jonathan Read Group Chief Executive Officer & Executive Director
Margherita Della Valle Group Chief Financial Officer & Director
Pierre Klotz Finance Director
Jean-François M. L. van Boxmeer Chairman
Johan Wibergh Group Chief Technology Officer
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