Successful outcome of 3G Auct

RNS Number : 2236M

Vodafone Group Plc

19 May 2010

 



19 May 2010

VODAFONE ANNOUNCES SUCCESSFUL OUTCOME OF 3G AUCTION IN INDIA

Vodafone announces that today, 19 May 2010, it successfully secured 2x5 MHz of 3G spectrum in 9 circles in the Indian auction for a total price of 11,617Cr Rupees (£1.74bn). 

These circles include Delhi, Mumbai, Kolkata and a further 3 'A' circles and 3 'B' circles providing a strategic footprint covering 66% of Vodafone Essar's current revenue base.

Vittorio Colao, Chief Executive of Vodafone, said "This has been a very competitive auction for limited amounts of spectrum. Vodafone has secured a strategic footprint covering a large proportion of our existing and future revenues, particularly in the Metropolitan areas."

For information:

The 9 circles cover 66% of Vodafone Essar revenue, more than 50% of the urban population and more than 50% of India GDP.

Spectrum acquired in the following circles:

Delhi

Mumbai

Maharashtra

Gujarat

Tamil Nadu

Kolkata

Haryana

Uttar Pradesh E

West Bengal

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For further information:

Vodafone Group

Investor Relations

Tel:  [phone]

Media Relations

Tel:  [phone]

 

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