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No more capital infusion in India: Vodafone's ultimatum to Indian Government

Prajjval Tripathi

News Editor

Telecom operator Vodafone has decided to not pump any more capital in India and the move has found backing from the British media. According to media reports, Vodafone CEO Nick Read has issued an ultimatum to the Indian government and has told the authorities that the company will not provide more capital for its India business unless there are provisions allowing it to compete with Mukesh Ambani's Reliance Jio.