Who is right? Singtel or Vodafone?

Recently SingTel doubled down on India.

It said it remained optimistic about prospects in India and said it is prepared to invest more money there, even as it reported a S$668m quarterly loss due to the problems faced by its Indian associate. It was forced to make a provision of S$1.4 billion to reflect its share of what Indian associate Bharti Airtel will have to pay the government following an adverse court ruling. Although underlying net profit rose 3% from a year ago to S$737 million,

Bharti recently this week that it planned to raise up to US$3bn through a mixture of equity and debt.

Vodafone sounds like it’s going to cut its losses.

Vodafone’s Indian joint venture will have to “shut shop” if the Indian govt does not intervene to stop a looming multibillion-dollar charge resulting from the same court ruling, the owner of Vodafone’s local partner warned.

Vodafone Idea, a partnership between the Aditya Birla Group and the UK-based operator, has three months to pay US$4bn in retrospective levies, penalties and interest.

 

Cynical Investor

Cynical Investor blogs at Thoughts of a Cynical Investor

 

 

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6 Responses to “Who is right? Singtel or Vodafone?”

  • PAP CLOSE DOWN:

    Don’t see the point working with India.

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  • stop throwing away our money:

    one of the most corrupted places on the face of this earth.
    whoever join ventures with that god forsaken country gets burned bad.
    havent we learnt enough lessons?

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  • RDB:

    “PAP CLOSE DOWN:
    December 11, 2019 at 8:49 pm (Quote)

    Don’t see the point working with India.
    Rating: +3 (from 3 votes)’
    ==========

    We all know how cunning the India Indians are. BUT PAP doesn’t know? Very strange indeed lah!!!

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  • problem of pap ceca ah nehs:

    RDB:
    “PAP CLOSE DOWN:
    December 11, 2019 at 8:49 pm (Quote)

    Don’t see the point working with India.
    Rating: +3 (from 3 votes)’
    ==========

    We all know how cunning the India Indians are. BUT PAP doesn’t know? Very strange indeed lah!!!

    not only cunning.

    but rapist too. 80+ years old nun, taruk. 27+ years old vet, taruk.

    worse they bring their caste system everywhere they go. if you atas than they, they yes sir yes sir you better than pap Ljs and Cbs do. but if you security guard in their condo, good luck. they tell you their S$1.5m condo so stop asking for S$10 parking charge.

    all in, ceca ah nehs are not the right folks to invite into country. if they are so ffffing good, india cannot be the dump as it is now today.

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  • vodafone:

    Better to bet on Vodafone.
    Stupid to throw good money there.

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  • Harder Truths:

    Anyone or any company who goes to India for any reason is F*CKED.
    You can’t win against thieves cheats and perpetual liars who will sell their grandmothers for a rupee.

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