The battle is on to win the war between global mobile giants to take control of rising mobile market in India. After Reliance call to take control of Hutch, now Vodafone, the global mobile giant, has also showed its intentions too.

The Vodafone is reportedly ready to mull a $15 billion bid for Hutch Essar in India with nearly 10% of its market capitalization.

Earlier, Reliance communications has thrown its hat in the ring to take over Hutch with the support of the Blackstone Group and a consortium of banks as well.

The KKR and Carlyle Group have been showed their presence in the race with Malaysia mobile carrier Maxis.

However, Vodafone also has an investment in the current market leader, Bharti. There are some reports coming out that Bharti might go with Singtel to save its position as the no. one mobile market leader in India.

As per the reports, at $15 billion, Vodafone is ready to pay about $682 dollars for every one of 22 million Hutch Essar subscribers.

After all these practice, the investor company will not get total control over the entire company because of the regulations made by the government. As per the regulations, foreign investors may get the ownership not more than 74% in India.

Some times back, the New York Times has reported about the growth story of mobile market in India. It reported that until now, just less than 10% of the 1.1 billion people in India have a mobile phone. This clearly shows the scope to grow the market trend in India and now India has become the battleground of global mobile giants.

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