Vodafone India to invest Rs 4,000 – 6,000 crore annually

Vodafone to invest Rs 4,000 -6,000 crore annually every year to expand operations in the country.

“We see investment every year investment level of around anything between Rs 4,000 and 6,000 crore that we have done in last (few) years. On top of that Rs 11,500 crore is what we paid for 3G spectrum. You can expect that (this) level at least will be sustained,” Vodafone India’s MD and CEO Marten Pieters told PTI in an interview.

The company has already invested Rs 55,000 crore since coming to India in 2007.  And the company plans to invest in network once it gets new spectrum and it gets new license after its expiry in 2014. Licenses are due to expire in Delhi, Mumbai and Kolkata in 2014 and the auction process is planned to start in January, 2014.

Recently Vodafone Group has chalked out a strategy to invest  £6 billion over the next three financial years under Project Spring.

Investment areas under Project Spring include: Accelerated 4G network build, covering 90 percent of five main European markets by 2017, supported by single RAN and high capacity backhaul;  Deeper 3G coverage and capacity in mature markets; Unified communications will focus on extended fiber roll-out, as well as widened NGN and VDSL resale reach; Upgraded distribution presence, both online and retail; Additional 3G voice and data coverage in emerging markets; Enhanced Enterprise service portfolio, including IP-VPN, Cloud, Hosting and M2M; Faster deployment of mobile payment services; and Development of new and standardized systems to improve customer experience and simplify Vodafone’s operations.

 

 

 

Leave a Reply

%d bloggers like this: