Vodafone Group plc (NYSE: VOD) has won its $2.2 billion tax battle with the authorities in India, giving its share price a 1.7 percent boost to 177.45 pence in morning trading on the London Stock Exchange. For more details, see this Light Reading India article.
Netgem , the French set-top box company, saw its 2011 full-year revenues dip 37 percent year-on-year to €84.6 million (US$109.2 million), though this decline was largely attributable to the massive one-time set-top box hardware order placed by triple play service provider SFR during 2010. In markets outside France, Netgem's revenue was actually up 20 percent year-on-year. (See Netgem Reports International Growth.)
Vodafone's Qatar unit made a loss of 122 million riyals ($33.5 million) in its fiscal third quarter ending December 2011, reports Reuters, though this was an improvement on the same period a year ago. It added 15,000 subscribers in the quarter to take its total to 797,000 customers.