Telecommunication: Vodafone India wins spectrum licences

LONDON: Vodafone’s Indian division has won spectrum licences for £1.9 billion, the mobile phone giant said, tapping further into emerging markets amid tough trade in Europe. Analysts described the move as “astute” for the London-listed company, which is flush with cash from the recent sale of its US joint-venture stake to partner Verizon for $130 billion. “Vodafone India has been awarded spectrum licences in 11 telecom circles in the Indian government’s 900 MHz and 1,800 MHz spectrum auction respectively,” it announced in a brief statement. Vodafone India has over 160 million customers, with 45.7 million mobile internet users. Analyst Mike McCudden said that India was a very interesting and immerging market for smartphones and mobile data, which he said in coming years, would help the country to remain a major growth market.

Published in The Express Tribune, February 16^th, 2014.

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