Despite uncertainty on the spectrum issue, telecom major
Vodafone India on Wednesday said it remained committed to the Indian telecom market and would invest another $1 billion in 2013-14.
"We are committed and will invest another $1 billion in India in FY 14 for capacity building," Vodafone India MD & CEO Marten Pieters said on the sidelines of the M-Pesa launch.
He, however, hinted that investments in India might not continue if the Vodafone Group did not get returns from its investments.
Vodafone Group has invested Rs 81,000 crore in acquisition and another Rs 55,000 crore of capex in the past six years.
Asked about the 2G spectrum issue, Pieters said, "We are ready to pay market related price."
He said the price for the 900MHz should be benchmarked to 1800MHz for valuation.
On auction, he said, "We favour auction of
unused spectrum, but not for the spectrum which is already in use for existing operations."
DoT had reportedly declined to extend the licenses for Delhi, Mumbai and Kolkata service areas which was due to expire in 2014. .
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