Vodafone India spends Rs 19,600 crores for spectrum auction

Vodafone India has spend a total of Rs 19,600 crores for 900 MHz and 1800 MHz spectrum auction.

Of this, Vodafone India will pay Rs 5,600 crores in the financial year. The company has retained existing 900 MHz spectrum in Mumbai, Delhi and Kolkata and has bought 1800 MHz spectrum in 11 circles- Mumbai, Delhi, Kolkata, Karnataka, Kerala, Gujarat, UP East, Rajasthan, Haryana, Andhra Pradesh and Punjab.

Vodafone India is pleased with the outcome of the spectrum auction and is the only operator to provide both 2G and 3G on 900 MHz in Mumbai. The company has significantly enhanced data capabilities by buying 4G spectrum for the next generation of mobile services in Mumbai, Delhi, Kolkata, Karnataka and Kerala.

Commentin gon the auction, Marten Pieters, MD & CEO, Vodafone India said, “We are pleased to secure business for next 20 years in 3 most important circles– Mumbai, Delhi and Kolkata.”

“Vodafone Mumbai is the only operator in India to have data capabilities on all the commercial spectrum bands: 3G on 900 MHz and 2100 MHz and 4G on 1800 MHz,” added Pieters.

“The auction has raised over Rs 61,000 crores for the government, but much of this will end up as debt on the balance sheets of the mobile operators. Such high industry indebtedness will hurt operators’ ability to invest in the roll out of new technologies and invariably result in higher prices and reduced service levels for consumers,” commented Martin Pieters.

“Spectrum remains unsold in only a handful of circles. However, the industry is still spectrum starved compared with other countries and the appetite for spectrum in India remains high. To meet the ambitious broadband objectives more spectrum should be made available in all bands on reasonable terms,” added Pieters.

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