Vodafone Loss Doubles To $5.5 Billion Due To India Write-Down

London: British telecom giant Vodafone on Tuesday said its losses had doubled to 5.1 billion euros largely due to fierce competition in the Indian market and an impairment charge of 6.4 billion euros on the group's investment in India. Vodafone said its loss after tax soared to 5.1 billion euros ($5.5 billion) in the six months to September 30, compared with a net loss of 2.5 billion euros one year earlier. "Competition in India ha...