 "Vodafone India buys spectrum worth Rs 20,280 cr in 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 October 7.
India's telecom spectrum auction that lasted for five days closed on October 6 with a total commitment of almost Rs 65,789 crore ($9.8 billion), which is 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 in New Delhi.
According to the Managing Director of Vodafone India, Sunil Sood, this will enable the company to provide multi-band high capacity broadband services in circles where it has a strong presence in 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.