A Vodafone logo is seen at a store in central London on May 16, 2017. AFP / Daniel Leal-Olivas
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Vodafone logged Tuesday a large annual net loss after slashing the value of its troubled Indian division, but underlying earnings soared on a solid European performance.The loss was driven by taxation changes and a 3.7 billion euro impairment at its Indian division – which Vodafone is splinning off into a joint venture.Following the deal, Vodafone added Tuesday it had partially reversed the Indian impairment – but it still stood at 3.7 billion euros.In 2016, Vodafone sold its Dutch fixed-line business Vodafone Thuis to Germany's T-Mobile for an undisclosed amount.
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