Parent company of Vodafone infuses 7.5 billion dollar to India arm

Just to prepare for the upcoming auctions of Mobile data spectrum in India parent company of Vodafone India from UK has infused 47700 crore rupees to Vodafone India so that this money can be used for the purpose of auctions.

The money has been received already and Vodafone India, the country’s second-largest telecom operator after Bharti Airtel. Few people are saying it is process of being ready for war with JIO. Jio had launched few days back and other operators are in pressure to bring new services to compete with JIO.

The government is putting 2,354.55 megahertz of spectrum at the auction.

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