 "Vodafone Group's board meeting in Delhi tomorrow")
According to sources, the entire board will attend the meeting, including the group’s chief executive officer, Vittorio Colao.
The board is likely to discuss a routine agenda, including a review of its Indian business and provisioning of funds for the coming telecom spectrum auctions, scheduled to start from March 4.
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The company refused to comment on the agenda of the meeting.
The spectrum auctions are crucial for the company as seven of its licensed circles would complete their 20-year term by December this year and require renewal.
India is a key strategic growth market for Vodafone Group and the local unit is the fourth largest contributor to service revenues.
The company had reported net profit in the country last year, for the first time since its entry in 2007, mainly on the back of growth in data and increased call charges.
Vittorio Colao had earlier said the company was “incredibly positive about India, not only from the business point of view but otherwise, too.”
Colao had said after Germany, India was a priority market for Vodafone for long-term investments in technology and data.
Vodafone India said it had invested Rs 60,000 crore in the country in the past five years.
The company has 174 million customers serviced through a network of 1,24,000 total sites, of which close to 28,000 are of third-generation services, it added.