Vodafone India Welcomes Government’s Initiatives to Support Telecom Sector Growth



Vodafone India has welcomed recent initiatives by the government to harmonize spectrum in select bands and to reduce the subscriber usage charges (SUC).

Commenting on the proposed spectrum harmonization, Mr. Sunil Sood, MD & CEO, Vodafone India, said, “Harmonizing the available spectrum to offer additional quantum via auction is another progressive step by the Government (after spectrum trading and sharing), to maximize efficiency of this precious resource. With Digital India as the guiding vision and consumer demands evolving from voice to data, the telecom industry increasingly needs more of quality spectrum to be made available at reasonable prices. An efficient spectrum also directly results in providing customers with a superior network experience”

The initiative to reduce SUC from 5% to 3% of adjusted gross revenues (AGR) brings in much needed relief to the highly capital intensive telecom sector.

Commenting on the reduction in SUC charges, Mr. Sunil Sood, MD & CEO, Vodafone India, said, “The telecom sector is severely debt laden (more than Rs. 3 lakh crore at last count and growing). This reduction in SUC charges from 5% to 3% will free cash-flows which can be invested towards further enhancing network and customer experience. It is a positive step that benefits the industry and is also in line with the TRAI’s recommendation of having a uniform, minimal SUC charge for all spectrum across the industry.”

About Vodafone India

Vodafone India is a 100% fully owned subsidiary of the Vodafone Group Plc. with operations across the country serving over 194 million customers (over 100 million in rural areas). Commencing operations in 2007, Vodafone is today India’s largest foreign direct investor, with a robust, award winning business and committed for the long term. Vodafone Business Services serves the needs of enterprises and government by providing total telecommunications (Voice and Data) solutions across mobility and wireline platforms. Our mobile wallet, M-Pesa is a unique and innovative money transfer service from Vodafone that fosters financial inclusion.

Committed to optimizing the near ubiquitous reach of mobile telephony to address national developmental priorities, the Vodafone Foundation partners is actively engaged in community development initiatives especially in the domains of m-Women, m-Agriculture, m-Education and Disaster Relief. Building on its global experience and expertise, an outreach across India and offering a comprehensive portfolio of technologies- 2G, 3G & 4G, Vodafone is uniquely positioned to actualize the vision of Digital India.

Globally, Vodafone is one of the world’s largest telecommunications companies and provides a range of services including voice, messaging, data and fixed communications. Vodafone has mobile operations in 26 countries, partners with mobile networks in 57 more, and has fixed broadband operations in 17 markets. As of 31st December 2015, Vodafone had 461 million mobile customers and 12.9 million fixed broadband customers. For more information, please visit: www.vodafone.com.Follow us on twitter @Vodafone IN_News and visit www.vodafone.in

Source:: https://www.news-pr.in/vodafone-india-welcomes-governments-initiatives-to-support-telecom-sector-growth.html


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