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Vodafone Group invests Rs 47,700 crore in India ahead of spectrum auctions

Vodafone India, the country’s second largest telecom operator with 200 million users, said that it has received an equity infusion of Rs 47,700 crore from its parent company, Vodafone Group, in the first half of the current fiscal. The carrier claimed that the equity infusion via foreign direct investment (FDI) is largest ever FDI infusion in the country. “This equity infusion of Rs 47,700 crore, which we believe is the […]

from Telecom Talk http://telecomtalk.info/vodafone-group-invests-rs-47700-crore-in-india-ahead-of-spectrum-auctions/157335/

via: http://telecomtalk.info/vodafone-group-invests-rs-47700-crore-in-india-ahead-of-spectrum-auctions/157335/

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