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Vodafone to invest Rs 13,000 crores in India for expansion & more

Telecom service provider Vodafone has announced that it will invest Rs 13,000 crore for capacity augmentation and new business initiatives in India. This will be broken down as Rs 8,000 crore for the Digital India initiative to enhance, upgrade and expand network coverage and Rs 4,000 crore towards the Make in India initiative. It will also increase its staff to 15,000 employees in the next 2 years. For its Make in India initiative, Rs 3,000 crore will go towards development of customer experience centres in Pune and Ahmedabad and Rs 1,000 crore for setting up a Tier-4 data centre and Rs 1,000 crore towards the payment bank for which Vodafone M-Pesa has received an in-principle license from the RBI. At present, Vodafone claims to serve 188 million users, out of which 100 million are from the rural areas. The company claims that since starting its operations in India in 2007, it has already invested over Rs 111,000 crore and contributed over Rs 100,000 crore to the exchequer. Internet and voice user base: Vodafone India had 23.8 million 3G Internet connections for the quarter quarter ended September 30, 2015. In comparison, the telecom operator had 13.6 million connections in the same period last year, and 22.1 million subscribers in the preceding quarter. Vodafone’s total data connections stood at 66.5 million, down marginally down 0.45% quarter-on-quarter (q-o-q) from 66.8 million in the previous quarter. However, on a year-on-year basis, data connections increased 16% from 57.2 million. Other data highlights – 1.7 million 3G connections added during the quarter, down from…

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