Vodafone's Passage to India

Deepening its position in the white-hot India mobile market, Vodafone bags India's Hutchison Essar for $11.1 billion

Since taking over as chief executive of the British Vodafone Group (VOD) in 2003, Arun Sarin has tried to refocus the giant mobile wireless operator toward emerging markets, where industry revenues are expected to grow at annualized rates of about 12% vs. just one-third of that pace in handset-saturated Europe. That's why over the past couple of years, the India-born Sarin has done deals in Turkey, South Africa, and Romania.

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