Vodafone considering acquisition in Hutchison

London, Dec 22: British mobile phone giant Vodafone Group Plc is considering the acquisition of a controlling interest in India's Hutchison Essar, it said on Friday.

Vodafone said the process was at an early stage. A bid for Hutchison Essar could cost over billion, according to reports.

Vodafone said in a statement its board believed the mobile market in India has great potential and a move for Hutchison Essar would be consistent with its stated strategy of seeking selective acquisition opportunities in developing markets.

REUTERS