Vodafone India buys spectrum for Rs 20,280 cr in latest auction
Vodafone India has acquired spectrum in all its key telecom circles at a cost of Rs 20,280 crore in the latest spectrum auction, the company announced on Friday.
India's telecom spectrum auction closed within five days on Thursday with a total commitment of barely Rs 65,789 crore ($9.8 billion) about 11.6 per cent of the targetted Rs 5.66 lakh crore ($88.5 billion).
"Vodafone India successfully acquired a total of 2x82.6 MHz FDD (Frequency Division Duplex) and 200 MHz TDD (Time Division Duplex) spectrum in the auction, providing high-capacity, multi-band 4G capability operating across the 1,800, 2,100 and 2,500 MHz bands," the company said in a statement here.
"This enables us to provide our customers broadband services across India with multi-band high capacity capability in our strong circles," said Sunil Sood, Managing Director and CEO of Vodafone India.
Vodafone India has 17 circles with 4G capability, covering 90 per cent of the company's total revenues and 94 per cent of mobile data revenues.