LONDON (Alliance News) - Vodafone Group PLC Thursday said that Vodafone India has acquired spectrum in 12 telecom circles at auction for GBP2.8 billion, enabling it to expand its 3G capabilities.
The company said it bought spectrum in all six of its 900 MHz circles due for extension in December 2015.
It said it will be able to expand its 3G service over its own network from nine circles to 16 circles. These circles in total represent 88% of Vodafone India's service revenues.
Vodafone India has the largest voice and data traffic usage within the Vodafone Group. At December 31, 2014, it had 179 million customers, with 59 million data users, of which 17 million use 3G. Average data usage per customer grew by 40% year-on-year.
Shares in Vodafone PLC closed down 0.1% at 224.00 pence Thursday.
By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews
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