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

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Reuters
Last Updated : Oct 06 2016 | 10:48 PM IST

(Reuters) - Vodafone Group's 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)

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First Published: Oct 06 2016 | 10:30 PM IST

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