British telecom major Vodafone is likely to take a call on the timeline of initial public offer of its Indian arm after conclusion of the impending spectrum auction. "Timelines (on Vodafone India IPO) will be most probably decided after spectrum auction this fiscal in India is over," a source privy to the Vodafone IPO plan told PTI. When contacted, a Vodafone spokesperson said, "We have started IPO preparations, which includes conversations with banks, but no final decision has yet been taken as to whether or not we will IPO." Kotak Investment Banking, Bank of America, HSBC Holdings, Deutsche Bank AG and ICICI Securities for working on the IPO of Vodafone India-- the second largest telecom operator in India.
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