Smackall Games - Mobile Game Developer

Mobile Game Development News

Vodafone?s Acquisition Of Hutch Deferred; Deal Under Regulatory Scanner

In India, the completion of Vodafone?s acquisition of Hutch-Essar (HEL) has been deferred: The Foreign Investment Promotion Board (FIPB) has summoned Vodafone, Hutchison and Essar to explain the entire transaction in their next meeting on March 29. The Reserve Bank of India and the Department of Telecom had also been asked to check if the deal is as per the Foreign Direct Investment norms, which cap permissible FDI at 74 percent.

The Economic Times adds that the FIPB had also written to HEL MD Asim Ghosh and Max India chairman Analjit Singh to also check on FEMA (Foreign Exchange Management Act) compliance.

Other Common News:
1) World?s First Mobile Trading Card Game ?Master of Maya? Lands in MaxGames
2) Horse racing information on your mobile phones
3) Australian Idol Launches Mobile Community; AFL Team Launches Mobile Chat
4) TxtVox SMS Alert Application Approved by All Leading Mobile Operators
5) Hillingdon beats targets thanks to 3G mobile access



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