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Euronews: Sept. 9

It's turning into a busy week for the finance team at Vodafone Group plc (NYSE: VOD), while Telenor Group (Nasdaq: TELN) has been linked with a potential takeover move, and the giant annual IBC tradeshow has opened in Amsterdam.

  • The High Court in Mumbai has ruled that UK-based Vodafone must pay US$2.6 billion in capital gains tax on the 2007 purchase of its Indian operations, reports The Daily Telegraph. Vodafone, which announced this week it is selling its stake in China Mobile Ltd. (NYSE: CHL), will likely appeal. (See Euronews: Sept. 8 and Vodafone Wins Battle to Buy Essar.)

  • Telenor is one of six parties believed to be planning a bid for Greek mobile operator Wind Hellas Telecommunications S.A. , reports Gapital.gr, citing The Financial Times. Binding offers for the operator are due in by September 15.

  • The IBC show, which focuses on video technology and service developments, opened its doors today in the Dutch capital, with more than 45,000 attendees expected to check out the wares of about 1,300 exhibitors. Expect to hear about some major IPTV developments from major vendors such as Nokia Networks and a host of specialist technology firms. (See NSN Crosses Its IPTV Streams , Alticast Shows Off at IBC , RGB Processes 3DTV at IBC, Agama Monitors Edge QAMs, Sigma Shows Off at IBC, SnapTV Intros IPTV Browser, never.no Gets Cloudy at IBC, Broadpeak Heads to IBC, Netia Shows Off at IBC, and Skyline to Demo at IBC.

    Other news from Europe includes:

    — Ray Le Maistre, International Managing Editor, Light Reading

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