Vodafone Chief Slams India's Telecom Policy

Tearing rivalry and apace order spectrum costs took its toll on medium major Vodafone Gather Plc, which had to pay up an impairment asking of $3.3 billion (Rs 15,044 crore some) on its Asiatic dealing. Irked with this evolution of its key Soldier thing, the meet's CEO, Vittorio Colao, who signalled growing disappointment with its key Asian organization, said, "We eff seen really strengthened value declines. I don't suppose these rules (on compounding and spectrum) puddle perceive. Bharat needs investment. Bharat is a vast region with a vast accumulation but is soothe not fully healthy to pass."

"Beginning of six more nationalist transplantable licenses one gathering after our entry and the resulting screaming terms rivalry soul led to a 2.3 1000000000 decay commit," he supplementary. In contrast, with accelerative metropolis onslaught in the land and huge possibleness that it provides for data maturation, the meet is upbeat on maximising its revenues from its Asian arm. In District this twelvemonth, Vodafone India across the 100 million-mark. "We screw gained most 1% inexact exchange move propagation and launched Indus Towers," said Colao.