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Tag: vodafone
Kabel Deutschland, Vodafone sign domination agreement
2013-12-20 16:02:00| Telecompaper Headlines
(Telecompaper) Germany's largest cable operator Kabel Deutschland's management board has signed a domination and profit and loss transfer agreement with Vodafone Vierte Verwaltung, a subsidiary of Vodafone. Under the agreement Vodafone Vierte Verwaltung controls Kabel Deutschland Holding having a 76.57 percent stake. The domination and profit and loss transfer agreement still requires the approval by the extraordinary General Meeting of Kabel Deutschland Holding which is scheduled to take place on 13 February 2014. In the agreement, Vodafone Vierte Verwaltungs offers to acquire the shares of the minority shareholders of Kabel Deutschland Holding for a cash compensation of EUR 84.53 per share. The cash compensation corresponds to the volume-weighted average stock market price of Kabel Deutschland Holding AG shares as determined by the German Federal Financial Supervisory Authority (BaFin) for the relevant three-month period up to and including 12 September 2013. At the same time, Kabel Deutschland announced that CEO Adrian v. Hammerstein will step down on 31 March 2014. His successor will be current COO and Deputy Manuel Cubero. Gerhard Mack , currently director of the group's Technical Operations, joins the management board as new Chief Operating Officer per 1 April 2014.
Tags: sign
agreement
deutschland
kabel
Vodafone gets $604m India tax demand
2013-12-19 14:25:08| Telecom - Topix.net
Vodafone Group Plc has received a final tax demand of about $604 million from Indian authorities, adding to its tax disputes in the country since it bought Hutchison Whampoa's mobile business there in 2007.
Tags: tax
india
demand
vodafone
Vodafone India gets fresh tax bill
2013-12-19 01:00:00| Total Telecom industry news
Income tax department slaps $591 million transfer pricing charge; operator to appeal.
Vodafone update shows increase in taxes paid
2013-12-18 12:33:00| Telecompaper Headlines
(Telecompaper) Vodafone published an update to its report on how much tax the mobile operator pays in each country where it operates. The company first published the breakdown in June, following criticism it was paying little to no corporate income taxes in some countries, including its home base, the UK. It has now updated the information for the year ended 31 March 2013. The report provides an updated overview of the group's total contribution to public finances in each of its countries of operation, including direct and indirect cash taxes paid as well as non-taxation-based government revenue contributions such as spectrum fees. The report shows that Vodafone's direct tax bill fell in many of its European markets, where its revenues have been declining, but increased in its emerging markets, notably places where it's growing quickly, such as Turkey, India and Tanzania. Non-tax payments to the public increased significantly during the year, due to spectrum acquisitions in markets such as the Netherlands and the UK. In total Vodafone said it paid GBP 4.24 billion in direct taxes in the 12 months, up from GBP 3.378 billion a year earlier. This includes income taxes as well as payroll taxes, customs duties and a wide range of local levies ranging from municipal fees to advertising and climate change taxes. Non-tax payments to governments, which include mainly spectrum, licence and revenue-sharing, rose to GBP 3.23 billion from GBP 1.87 billion.
Tags: increase
shows
update
paid
NBN Co poaches new CEO from Vodafone
2013-12-12 01:00:00| Total Telecom industry news
Bill Morrow to lead Australia's national broadband network rollout from 2014.
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