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Vodafone investment

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December 1, 2013December 1, 2013
Vodafone investment
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Vodafone plans to invest $3 billion in the next two years that will be deployed for network expansion in rural areas. The proposed $ 3 billion investment excludes spectrum fee the company has to pay. The British telecom major is planning for new investments at a time when it is facing a tax liability of over Rs 11,200 crore, along with interest, on its 2007 acquisition of Honk Kong-based Hutchison Whampoa´s stake in India´s telecom major, Hutchison Essar.

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