Vodafone May Suffer $1.1 Billion Writedown From Indian Price War
- Indian affiliate’s shares have slumped as troubles mount
- Investors to monitor CEO pledge not to bail out stricken unit
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Vodafone Group Plc may have to slash about 1 billion euros ($1.1 billion) off the book value of its Indian venture that’s reeling from spectrum payment demands and a ruthless price war.
The company could write down its 45% stake in Vodafone Idea Ltd. to around 600 million euros ($662 million) in half-year results Tuesday, from 1.6 billion euros in May, according to analysts.