Now in the company Vodafone has 67% share and Essar has a share about 16% .Now the bidding war for Hong Kong's Hutchison Telecommunications that was commenced more than one year ago had ended .According to Vodafone , India is the fastest growing mobile market in the world and generate 6.5 million new customer with in month .Vodafone chief executive Arun Sarin said "clear evidence of how we are executing our strategy of developing our presence in emerging markets". Vodafone chairman Sir John Bond said “India be largest and fast growing mobile market in the world having mush opportunity and economy growth to live and work for that.” The deal values the Indian mobile phone firm - often referred to as Hutch - at $18.8bn, about a billion dollar less than some analysts had predicted . Vodafone made a state to take $2bn in net debt . UK mobile firm bidding against Anil Ambani's Reliance Communications and Hinduja group for purchasing Hutch . Essar group having 33% of the remaining share also tried to take full control of Hutchison Essar . Vodafone announce that it would offer Essar group to buy its stake “at the equivalent price per share it has agreed with [Hutchison Telecommunications International]". UK operator already had a small stake in the Indian mobile phone market , owing 5.6% of Bharti Airtel . Vodafone now granted an option to Bharti Group to buy this stake. In return Vodafone's new Indian subsidiary and Bharti have signed a memorandum of understanding to share their mobile network infrastructure, while continuing to compete for customers. Broadcaster Star India Star India claims to get a deal with mobile service provider Vodafone Essar for latter’s rebranding campaign to Vodafone from Hutch. “ Vodafone will use all the commercial airtime across the Star India network from 9 pm on September 20 to 9 pm of September 21 to run TV commercials, transition bumpers and contest spots to promote the Vodafone brand," a Star India statement said. Such that Vodafone can reach 63 million viewers across 13 channels in five languages. Vodafone, which recorded a market value of £84.7 billion till June, 2007 has equity interests in 27 countries currently and Partner Networks (networks in which it has no equity stake) in another 40 countries. The market where the Vodafone is staying as big market boom are Germany, India, Italy, Spain, Turkey, United Kingdom, and the United States. The government's argument is that Vodafone should have deducted tax before making the payment to Hutch, but it did not do so. Meanwhile Vodafone went to court seeking a stay on the tax department's move.Vodafone boss Arun Sarin claimed a few days ago that Vodafone owed no taxes to the government for buying Hutchison's stake in India's third largest mobile company. But the government is planning to move on and demand taxes from Hutchison in Hong Kong. But the main question is, can Indian government charge tax on what is essentially a deal done overseas between two overseas companies? That is what the courts have to take a call on.