Vodafone's Indian unit spent $3 billion-plus in spectrum auction - source | Reuters - Firstpost
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Vodafone's Indian unit spent $3 billion-plus in spectrum auction - source | Reuters

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Vodafone Group's (VOD.L) Indian unit has bought spectrum worth more than 200 billion rupees ($3 billion) in a government auction that ended on Thursday, a source with knowledge of developments told Reuters.India's telecoms ministry announced the results of the auction, which raised a total of $9.9 billion for the government, but did not immediately provide a breakdown of payments by individual operators.

($1 = 66.6809 Indian rupees)

(Reporting by Devidutta Tripathy; Editing by David Goodman)

This story has not been edited by Firstpost staff and is generated by auto-feed.

First Published On : Oct 6, 2016 23:00 IST

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