Fuel poverty!

British homes are getting colder as energy prices across the globe get hotter. It is projected by the Department for Environment, Food and Rural Aff airs (DEFRA) and Department of Trade and Industry (DTI) that as many as 400,000 more households in Britain would plunge back into ‘fuel poverty’ by this year.

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Source: IIPM Editorial, 2006

Vodafone callingon India

Vodafone Plc., world’s lead­ing mobile telecommuni­cations company, has entered into an agree­ment with Bharti Tele-Ventures Limited (BTVL) to invest approximately $1.5 billion, in order to acquire a 10% economic stake in the Indian telecom major. This includes acquisition of shares held by Warbug Pincus, which marks the complete exit of the private equity investor from BTVL. The investment is sig­nificant in Indian telecom, as it is the biggest ever single foreign investment in Indian telecom till now. BTVL is a major telecom player in India, with 15.13 million subscribers at the end of September, 2005, out of which almost 14.07 mil­lion were mobile subscribers. (Read B&E Special Feature on the Indian Telecom Wars)

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Source: IIPM Editorial, 2006