Vodafone India says has enough funds to acquire 4G spectrum: Report

Vodafone India, the country’s second largest telco, said that it has enough funds to participate in the auction, as it looks to buy more spectrum to expand its 4G network, according to Economic Times.

Vodafone logo

“On one hand we are generating a healthy cash flow, and on the other we are actually looking at a healthy parent. Vodafone Group has been infusing equity in the past, we are very comfortable with the situation. We will be in a situation that we can participate in the auction where we want to,” Vodafone India’s Chief Financial Officer Thomas Reisten told the publication.

The company is aggressively focusing on data growth, and 65% of its yearly capital expenditure is targeted towards that growth, which means it will be bolstering its network, along with spectrum acquisition. Vodafone India plans to expand its 4G services to 1,000 towns across 9 circles shortly.

In the January-March quarter, Vodafone saw an increase in its realised rates, or its effective revenue per unit sold, as pricing hardened. The company’s services revenue for FY16 increased 5% on year, its lowest growth in recent years.

Vodafone’s average revenue per user (ARPU) and average revenue per minute (ARPM) fell by 3.4% and 1.9% respectively on year, dragged by a weaker voice business where ARPM fell by 10.9%.

21
Leave a Reply

avatar
Photo and Image Files
 
 
 
13 Comment threads
8 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
16 Comment authors
PallabRanajitRinuSantanu SarkarMayank Recent comment authors
newest oldest most voted
varghese
varghese

Best 2g network in Kerala with vast connectivity ?

Rinu
Rinu

Regarding vast 2G connectivity, BSNL comes first, Idea comes next. Best cannot be said as its perception differs from person to person.

Vijay
Vijay

Vodafone is a discriminatory and fraud company, out to loot Indians and India. Jio will teach it a lesson and screw it. Desperately waiting for Jio launch.

Recent Posts

MediaTek Aims to Bring 5G Chipset to India by Year-End

Taiwanese semiconductor company MediaTek on Thursday said it is set to introduce a 5G-enabled chipset in India by the end...

Reliance Jio Passes 300 Million Subscriber Mark, ARPU Increased to Rs 126 per Month During Q4 FY19

The Mukesh Ambani led telecom operator, Reliance Jio has been growing in leaps and bounds ever since it stepped in...

Vodafone Idea Continues to Lose Subscribers, Nearly 5.8 Million Users Left the Network in February

In what would be terrible news for Vodafone Idea Limited, the telco has lost nearly 5.8 million subscribers in India...