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Digital India: Vodafone receives largest-ever FDI

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MUMBAI: Vodafone India has made the largest-ever equity infusion of Rs 47,700 crore in the country.

One of India’s leading telecom service-providers today announced that it had become the service provider of choice to over 200 million customers in India. As India’s second-largest telecom service provider with 22.5% revenue market share, over half of the customers (107 million) come from rural India endorsing Vodafone as the preferred brand in urban India as well as the hinterland.

Vodafone further announced that it had received the equity infusion from Vodafone Group in the first half of the current fiscal. This infusion via foreign direct investment (FDI) is the largest ever FDI infusion in India.

Sunil Sood, MD & CEO, Vodafone India, said, “With our commitment to support the Digital India vision, we are building one of the most modern and scalable telecom networks to deliver connectivity and the Vodafone SuperNet™ experience to all, for both voice and data."

We have successfully increased our revenue market share by 0.6% in the first quarter of current fiscal. This equity infusion will enable Vodafone India to continue its investments in spectrum and expansion of networks across various technology layers.

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