November 21, 2011 4:18 AM GMT
Is India risking putting foreign investors off with allegations of corruption in issuing 2G licenses, and reportedly restrictive rules regarding foreign ownership of domestic companies?
I ask because Vodafone is one of two private operators in the country now being probed over the way 2G licenses were allocated. This adds to an existing - continuing - fight over the amount of tax it owes following the acquisition of Essar.
I know India's a huge potential market in terms of subscribers, but is it really worth the hassle?