Vodafone Facing Trouble in India and Egypt

Negotiations are continuing between the Vodafone Group plc (NASDAQ:VOD) (LON:VOD) and the Indian government over taxes owed from a 2007 acquisition made by the telecommunications giant. The finance ministry claims the company owes as much as $3.7 billion in back taxes and fees relating to the deal.

In 2007 Vodafone purchased a majority stake in Hutchison Essar. At that time it was the third largest private mobile carrier in the country. The deal which cost Vodafone $11.1 billion valued the telecommunications firm at $19.3 billion. Vodafone did not pay the full tax on the deal according to the Indian government as...