The UK-based Vodafone Group, the world’s largest mobile service provider, plans to increase its stake in Bharti. Viewing India as a major market and future growth driver, the company has already invested Rs 67 billion to acquire about 10 per cent stake in Bharti.
However, the British telecom giant has no plans of acquiring stake in any other Indian telecom company. Currently, the share of emerging markets in Vodafone’s global business is about 15 per cent, and is expected to increase to 30 per cent. India will reportedly play a major role in this expansion.
