Vodafone to challenge tax dept in transfer pricing case

Feb 08 2013, 08:51 IST
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Vodafone to challenge tax dept in transfer pricing case. (Reuters) Vodafone to challenge tax dept in transfer pricing case. (Reuters)
SummaryCase relates to sale of shares in Indian unit to Mauritius entity

the quarter ended

December 31, 2012.

The company had reported a revenue of £1.02 billion in the corresponding quarter last year, Vodafone, the UK-based parent of Vodafone India, said in a statement. Service revenue increased by 9.9 per cent, driven by strong growth in mobile voice minutes and a stable competitive environment, it added.

Vodafoneís subscriber base stood at 147.47 million. Data revenue grew by 23.8 per cent driven by an increase in sales an increase in 2G data pricing.

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