Vodafone India acquires spectrum for 4G data services
Source - SMW
Vodafone India has acquired spectrum in all its key telecom circles in the spectrum auction for a total cost of INR202.8bn (or about €2.74bn).
The new spectrum 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 17 circles with 4G capability, covering 91% of the company's total revenues and 94% of mobile data revenues.
Vodafone's investment totals INR 202.8 billion of which INR 101.4 billion is payable up-front. The spectrum acquired has a 20-year term.