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Telecommunication

Vodafone wins $2.7bn tax battle against India

International tribunal rules in favor of UK telecom in protracted dispute

 U.K.-based Vodafone Group has won a long-standing tax dispute with the Indian government.   © Reuters

NEW DELHI -- U.K.-based Vodafone Group on Friday won a long-standing tax dispute with the Indian government, which had ordered the telecommunications company to pay 200 billion rupees ($2.7 billion) retroactively over its acquisition of a local telecom in 2007.

The ruling was issued by an international arbitration tribunal in the Hague, where Vodafone was represented by Indian law firm DMD Advocates.

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