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Vodafone India buys spectrum worth Rs 20,280 cr in auction

Vodafone believes the bid will help the company provide multi-band high capacity broadband services across India

IANS  |  New Delhi 

Vodafone India buys spectrum worth Rs 20,280 cr in auction

has acquired spectrum in all its key circles at a cost of Rs 20,280 crore in the latest spectrum auction, the company announced on October 7.

India's that lasted for five days closed  on October 6 with a total commitment of almost Rs 65,789 crore ($9.8 billion), which is about 11.6 per cent of the targetted Rs 5.66 lakh crore ($88.5 billion).

"successfully acquired a total of 2x82.6 MHz FDD (Frequency Division Duplex) and 200 MHz TDD (Time Division Duplex) spectrum in the auction, providing high-capacity, multi-band capability operating across the 1,800, 2,100 and 2,500 MHz bands," the company said in a statement in New Delhi.

According to the Managing Director of India, Sunil Sood, this will enable the company to provide multi-band high capacity in circles where it has a strong presence in  

has 17 circles with capability, covering 90 per cent of the company's total revenues and 94 per cent of mobile data revenues.

First Published: Fri, October 07 2016. 14:22 IST