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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
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
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
High earners underestimate how much they need to retire comfortably
High net worth individuals grossly misjudge how much money they need for a comfortable retirement, new data shows, with many not saving enough.
-
Retired banker who gave wife £80m to avoid inheritance tax won’t face equal split in divorce
Family lawyers say the Supreme Court ruling will have significant impact on high net worth divorce cases