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Indian govt takes stake in stricken Vodafone unit | Money

MUMBAI, Jan 11 The Indian government has agreed to forego US$2.1 billion (RM8.8 billioin) in interest payments and instead become the largest shareholder in British telecoms giant Vodafone’s local unit Vi, the company said today. Vodafone has been losing money in India since Asia’s richest. ....

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