Vodafone Group may have to cut the book value of its Indian venture

London: Vodafone Group Plc may have to cut the book value of its Indian venture, which is reeling from spectrum payment demands and a ruthless price war, by approximately EUR 1 billion ($1.1 billion).

According to analysts, the group could write down its 45% interest in Vodafone Idea Ltd. to around € 600 million ($662 million) in half-year results on Tuesday, from € 1.6 billion in May.

The escalating downturn in a....