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Airtel, Voda, Idea Bet Big On Data Explosion

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Bharti Airtel, Vodafone India and Idea Cellular, the nation’s top three telecom operators, will contribute more than three quarters to the about 1.098 lakh crore proceeds to the government from spectrum auctions. The companies have offered top dollars for airwaves with high-speed data-carrying capacity, an indication that they are betting big on an expected mobile data explosion.

Together, these three operators have committed about 85,000 crore, or 77% of the total auction proceeds. This is about 10 percentage points more than their revenue market share, said Prashant Singhal, global head for telecom with EY. “This clearly indicates their decision to invest for future.” Original post at ET Telecom

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Wahengbam Rorrkychand

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