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

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

Vodafone Group's (VOD.L) Indian unit has bought spectrum worth more than 200 billion rupees (2.36 billion pounds) 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.
(Reporting by Devidutta Tripathy; Editing by David Goodman)
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6 October 2016 in Business, Views: 47
Source: Reuters
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