The deal will let Vodafone purchase all of its subsidiary, Vodafone India. The telecom currently owns 84.5% of the Indian company. India's cabinet approved the deal two months after the Indian foreign investment regulator approved the deal in December.
News of the deal's approval comes alongside Vodafone's third-quarter earnings report which caw revenue fall 3.6% to 10.98 billion pounds ($17.91 billion).
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