Vodafone to wait for crucial regulatory call

Vodafone officials met with the Foreign Investment Promotion Board (FIPB) for the second time yesterday, but with little luck. The world's largest telecom company is yet to get FIPB clearance for buying out Hutch's 67% stake in Hutch-Essar.

"We have not taken any decision. We have sought more comments from the companies and they have agreed to give us more details," said Finance Secretary, Ashok Jha.

Now, Vodafone will have to wait for the crucial regulatory call.