Vodafone Outlines $2 Billion Indian Investment Plans
Published on: 15th Nov 2015
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Vodafone has outlined plans to invest INR 13,000 crore (USD2 billion) on capacity augmentation and new business initiatives at its Indian subsidiary.
The investment includes INR 8,000 crore to enhance, upgrade and expand network coverage.
INR 3000 crore to further increase capacity and upgrade its technology centre and IT and customer experience centres in Pune and Ahmedabad.
INR 1,000 crore for setting up a Tier-4 data centre. This is the first of its kind in the Indian telecom sector and is specially designed to service the evolving communications needs of businesses and enterprises.
INR 1000 crore towards the payment bank for which Vodafone M-Pesa has received an in-principle license from RBI.
Vodafone will also increase its staffing levels to 15,000 employees over the next two years.
Vodafone's India business, in addition to being the highest contributor to Vodafone Group's service revenue growth, has the largest customer base (188 million customers), is the largest data traffic market (by volume) and the third largest contributor to Vodafone Group's service revenues.