Ethical and Governance Issues in Vodofone-Hutch Deal

Posted: 18 Sep 2009

See all articles by Padma Srinivasan

Padma Srinivasan

Manipal University, Bangalore Campus

Date Written: September 16, 2009

Abstract

British telecom giant Vodafone acquired a majority stake in Hutch-Essar. The enterprise valuation of Hutch-Essar is $18.8 billion in which the controlling stake of 67% valued at $11.8billion.vodafone paid $10.9 billion as against $11.8 billion announced earlier. This business purchase deal includes the payments to Essar Group as well. The completed deal positions Vodafone as a leading operator in the fast growing Indian mobile market. This paper looks closely at the ethical and governance issues across the deal and the cost benefits to the corporates involved.

Keywords: Business Ethics, Corporate Governance

JEL Classification: G32, G34

Suggested Citation

Srinivasan, Padma, Ethical and Governance Issues in Vodofone-Hutch Deal (September 16, 2009). Available at SSRN: https://ssrn.com/abstract=1474193

Padma Srinivasan (Contact Author)

Manipal University, Bangalore Campus ( email )

Bangalore, Karnataka
India

HOME PAGE: http://www.manipal.edu

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