Vodafone wants to own India unit

Vodafone Group has sought approval from the authorities to raise its stake in the India unit for 101.41bn rupees ($1.03bn) it said yesterday, after India allowed foreign companies to take full ownership of local carriers. Vodafone, which entered India in 2007 by buying Hutchison Whampoa’s local cellular assets in an $11bn deal, directly and indirectly owns a combined 84.5 per cent of Vodafone India, the country’s second biggest telecoms company by users.