vodafone's england division is comparing to go public.ecutive says england is one of its most -- india is one of its most important markets. more on this from mumbai. yesterday said they started preparatory work for an ipo. the group ceo refused to get down to the exact date of when we could see the ipo. the group had an investment bank compile a report about the benefits of a possible idea, which would give the company cash and offer investors the idea to -- the opportunity to read benefits from a market whose gains are outstripping other markets. growth has been held back because of regulatory and tax issues in india. vodafone is india's second-largest wireless operator with a market capitalization of 9.5 billion euros. the india division accounts for 10% of vodafone's worldwide revenue. the business has more than 118 million customers here in india. the biggest overhang for vodafone in india has been a massive tax dispute it has been facing. sayste that, vodafone that's not really going to hamper the ipo plans, without going into detai

libertyhn malone's global has been in talks with vodafone to do some talks in europe.ently, they both said publicly the talks are over. it is time for john malone to move on. what is next? betty: latin america. alex: latin america might be next. 7% of current revenue comes from latin america. john malone has looked to various different places in the world. obvious, he owns part of charter communications. he owns a huge swath of european cable assets. now he might think latin america is somewhat fragmented and there are a few large players that mike or might not be for sale. maybe we can build our own empire in a bunch of different countries in latin america, potentially. it will be interest in. cable and wireless, which sounds like a trade publication, but it is the name of a company that was spun off from vodafone a couple of years ago, talks are ongoing between those two companies. there might be a deal in a few weeks, bloomberg hears, for about 5.5 billion dollars. it would be a good start for a malone small empire. betty: yes. alex: the question that would be what

there is talk you will select a vodafone.xey: we are looking at different options on how to expand and develop in this area, in this job. we are doing business, and we try not to think about the politics. in the auctione earlier this year. 3g.on licenses on and we are doing expansions and investments in this market to build up the best 3g network and to drive consumption. ryan: any chats with vodafone? alexey: we are exploring different options. did: one of the things you in this country, you cut prices on smartphones by as much as 30% earlier this year. and i guess on the flip side, as result of that, people are coming in buying the cheap smartphones and buying your cheap contracts. is in a win-win? alexey: i think we are going through change in distribution in the market. we are trying to ween the market throughhigher customer our sales channels. i think that is one of the ways how we see the distributional element, at least this year. mts, running of the financial side of russia's largest mobile operator. saying that they

>> you can go to vodafone but you don't want to be taken down by a 15-year-old kid. >> you mean hacking phone companies? >> i wouldn't put it past the hedge funds. >> that's the angle. >> bp has posted a 40% blump in replacement cost profits in the third quarter beating analyst expectations for a 60% drop. the oil producer cut it's capex for the third time this year. now expects to spend $19 billion on investments but the company is keeping it in place. that's important for you. it's keeping it in place saying the strategy underpins our strong priority of sustaining our shareholder distributions over the long-term. the more porn factor is the details on the underlying cash cycle and what they're doing to bring cash into balance. that supports the dividend story. >> $60 barrel is the figure they quote. >> that's correct. >> which means we're still under water. it's a modest improvement compared to what some are saying but you think $60 is realistic? >> well, my personal opinion is that 60 will not even be sufficient to balance the market by 2017 in the intervening period we have some fai

vodafone has become the latest voice to call it for the breakup of ct.ncerns about made by their open reach division which controls the national network. jonathan: caroline hyde, thank you. still to come, central banks and focus. a rate decision in minutes on the bank of england. then the european central bank releases its account of the september meeting. last but not least, minutes from the u.s. federal reserve. we will discuss after this short break. ♪ >> identity green with the jesuit -- the fed needs to do what is right when it is right. if you look at the united states, it turns away from price inflation. the conditions are there now for the fed to increase interest rates. our recommendation is for the fed to wait until there are multiple sides. that inflation is really rising. jonathan: that was the imf director of monetary and capital markets speaking to bloomberg's francine lacqua. we will hear more from him later in the show, and we will have more interviews from lima. francine will be speaking to christine lagarde. half an hour later, dr. jimm

vodafone was $186 billion. this would be the biggest pure tech play.ml is tracking stock in wear. $33.15al price will be per share. it is about the october 7 level. october 7 is right here. emc begin to climb. michael dell is going to pay about $67 billion. and, if youbusiness are thinking about losing, it is going to be bad for hp. david: we are going to be coming back to dell. jim, what do you have to say? jim: we are negative on this space and we have been public on hp, we have been short hp for a number of years. we were short dell when he did , if you, the take under will. we are back to decelerating revenues in pcs and services for most companies, so they are looking for growth anywhere they can find it. deflation is the keyword in this space. stephanie: deflation and going short. the only thing jim chanos is wrong is the green bay packers. [laughter] david: when we come back, we will be talking about china's slump. is it really as bad as it seems? ♪ stephanie: you are watching "bloomberg ." chanos is here with us. he is one of the most notor