Vodafone wins 14 2G licences in Indian 2G auction

Telecoms giant Vodafone says its Indian subsidiary has been awarded spectrum licences in 14 mobile phone service areas in the Indian government's 1800 megahertz (MHz) spectrum auction.

Telecoms giant Vodafone says its Indian subsidiary has been awarded spectrum licences in 14 mobile phone service areas in the Indian government's 1800 megahertz (MHz) spectrum auction.

Vodafone India bid successfully for 2.5MHz of spectrum in Madhya Pradesh, Uttar Pradesh West, Haryana, Orissa, North East, Bihar, Jammu & Kashmir, Assam and West Bengal, while bids for 1.25MHz licences in Punjab, Himachal Pradesh, Uttar Pradesh East, Maharashtra and Kerala were also successful.

In all, Vodafone's total bid in the auction was £138m. The spectrum secured is available for use immediately, and will extend the firm's reach across the country, including in rural areas.

Participation in the auction marks Vodafone's return to expansion of its 2G network, as it had not received new 2G spectrum since 2008. Since then, Vodafone's customer base in India has grown from 60m to over 150m.

JH

Recommended

The ten highest dividend yields in the FTSE 100
Income investing

The ten highest dividend yields in the FTSE 100

Rupert Hargreaves takes a look at the companies with the highest dividend yields in the UK’s blue-chip index
6 Feb 2023
The outlook for Shell shares is mixed, despite bumper profits
Energy stocks

The outlook for Shell shares is mixed, despite bumper profits

With profits surging, it looks as if Shell is on a roll, but the company’s growth from here is hard to see as Rupert Hargreaves explains.
6 Feb 2023
The top funds to invest in
Funds

The top funds to invest in

As market volatility and recessionary fears continue, here are the most popular funds, stocks and trusts investors are putting their money into accord…
2 Feb 2023
The top ten dividend stocks in the FTSE 250
Share tips

The top ten dividend stocks in the FTSE 250

The average FTSE 250 dividend yield is around 4%, but many stocks yield much more. Rupert Hargreaves picks the best FTSE 250 stocks for income investo…
17 Jan 2023

Most Popular

NS&I brings back one-year fixed bonds with highest rates since 2010
Personal finance

NS&I brings back one-year fixed bonds with highest rates since 2010

NS&I’s one-year fixed bonds are back on sale after being pulled off the market in 2019 - but is the rate any good?
1 Feb 2023
The best one-year fixed savings accounts - February 2023
Savings

The best one-year fixed savings accounts - February 2023

Earn almost 5% on one-year fixed savings accounts.
6 Feb 2023
Will energy prices go down in 2023?
Personal finance

Will energy prices go down in 2023?

Wholesale gas prices are on a downward trajectory, but does this mean lower energy bills later this year?
6 Feb 2023