NEW DELHI, Dec 4 (Reuters) - Vodafone Group Plc plans to invest $3 billion in Indian networks in the next twoyears, Chief Executive Officer Vittorio Colao said on Wednesdayin the Indian capital.
He told reporters that he was also seeing progress inIndia's regulatory environment, although there was not yetcomplete clarity.
Vodafone has sought regulatory approvals in India to takefull ownership of its Indian unit, which is the country'ssecond-biggest mobile phone carrier by revenue and users, in a$1.6 billion deal.