BEIJING, May 10 -- Vodafone Group Plc, the world's largest mobile-phone company, negotiated a 3.1 percent discount on its purchase of an Indian wireless unit from billionaire Li Ka-shing's Hutchison Telecommunications International Ltd.

    The British company, which said in February it would pay 11.08 billion U.S. dollars to buy a 67 percent stake in Hutchison Essar Ltd, will retain 352 million dollars to pay costs associated with the purchase, according to a statement by Hutchison Telecom Wednesday that didn't provide further details.

    (Source: Shanghai Daily)