Vodafone India to invest Rs. 4,000-6,000 crore annually | business | Hindustan Times
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Vodafone India to invest Rs. 4,000-6,000 crore annually

business Updated: Oct 28, 2013 07:57 IST

PTI
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Vodafone India, the nation’s second-biggest telecom firm, will continue to invest a minimum of Rs. 4,000 crore to Rs. 6,000 crore every year to expand operations in the world’s second-biggest mobile phone market, its chief executive has said.

The company, which has invested Rs. 55,000 crore since coming to India in 2007, plans to invest in networks after it gets new spectrum and its licences are extended.

“ Rs. 11,500 crore is what we paid for 3G spectrum. You can expect that (this) level at least will be sustained,” Vodafone India’s MD and CEO Marten Pieters told PTI in an interview here.

He said that the company has invested total of about Rs. 55,000 crore in its telecom networks in period of last six years and paid government an equivalent amount in terms of licence fee, taxes and for buying spectrum.

Pieters, however, said that the investments will depend on spectrum and licence extension, where a lot of clarity needs to come.

Vodafone — which has around 154 million subscribers in India — is soon set to expire its licences in the metros of Delhi, Mumbai and Kolkata.