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Ruias unhappy with Vodafone-Bharti deal

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CIOL Bureau
New Update

NEW DELHI: Two days after the announcement of major acquisition in the telecom sector global telecom giant Vodafone’s deal seems to be in trouble.

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According to reports it is apparent that Ruia brothers are disappointed with the telecom player over the Memorandum of Understanding (MoU) with Bharti Airtel for infrastructure sharing, roaming and long distance services.

Ruias are likely to consider a legal action against Vodafone as they have not been consulted before the deal , industry sources said. Ruias also hold stake in the Hutchison Essar group.

According to the release issued by Bharti on Monday, the company will be preferred vendor of Vodafone for NLD, ILD and leased line services. Vodafone will also give 50 per cent of its in-bound international roaming traffic to the company for three years.

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The two companies will also work on a comprehensive range of significant infrastructure sharing options including around 70,000 towers in India, enabling rapid network expansion to connect sub urban and rural areas across India.

Vodafone emerged as the highest bidder in the Hutch deal with $19.3 billion.

© CyberMedia News

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