Many suspect Vodafone will overpay for more acquisitions and not utilize capital very effectively.
Telecom is global. Vodafone ARPU is underwhelming. Efforts to migrate customers to 4G higher margin are progressing slowly.
Indian operations are a proverbial thorn. Supreme Court rules Vodafone does not have to pay a huge tax for its acquisition of Hutchison Essar in 2007. Then Parliament passes a new law retroactively looking for the tax. Vodafone needs a political solution not a public dispute.
George Gutowski writes from a caveat emptor perspective.