Vodafone strengthens Indian operations with £2.44bn spectrum acquisition
Vodafone has strengthened its Indian operations through a £2.44bn (INR 202.8bn) spectrum acquisition in all of its key telecom circles.
The new spectrum, a range of radio-waves that are used for communication purposes, significantly enhances the coverage, capacity and speed of Vodafone India’s 4G data services in its key circles, complementing existing high-quality 2G and 3G voice and data capabilities.
Vodafone India acquired a total of 2 x 82.6 MHz FDD and 200 MHz TDD spectrum in the auction, providing high-capacity, multi-band 4G capability operating across the 1800, 2100 and 2500 MHz bands.
Vodafone India now has the largest voice and data traffic usage within the Vodafone Group and has more than 200 million customers.
At 30 June 2016, Vodafone India had 69.7 million data users, of which 32.3 million use 3G/4G.
Vodafone’s investment totals INR 202.8 billion (€2.74 billion) of which INR 101.4 billion (€1.36 billion) is payable up-front. The spectrum acquired has a 20-year term.
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