Vodafone secures 3G spectrum in India

19th May 2010 16:49

Vodafone has paid £1.74bn for 3G spectrum in India. The mobile networks oeprator acquired 2x5 MHz of 3G spectrum in 9 circles in the Indian auction. The area, which includes Delhi, Mumbai and Kolkata, covers more than half of India's population. It also covers two-thirds of the existing revenue generating area of Vodafone Essar. The customer base in India exceeds 100m people. India is highly competitive and Vodafone wrote-down its Indian assets by £2.3bn in the year to March 2010. Vodafone is number two in the Indian market based on revenues.

Top Risers

Share	Price	Change
Guardian Metal Resources PLC (GMET)	195.50	12.03%
Medpal AI (MPAL)	4.10	11.47%
Ariana (AAU)	1.60	11.26%
Nexteq (NXQ)	50.00	11.11%
80 Mile (80M)	0.598	10.74%

Top Fallers

Share	Price	Change
Xtract (XTR)	1.00	-18.03%
GCM Resources (GCM)	14.00	-16.47%
Mercantile Ports & Logistics (MPL)	1.625	-14.47%
Aptamer Group (APTA)	0.325	-13.33%
Tanfield (TAN)	3.90	-13.33%

Top By Volume

Share	Price	Volume
Premier African Minerals (PREM)	0.013	547,568,602
Arkadian Strat (AKN)	0.011	304,883,206
Oracle Power (ORCP)	0.0435	282,850,550
Forgent (FORG)	0.01	254,354,878
Rockfire Resources (ROCK)	0.105	218,909,282

All prices are delayed by at least 15 minutes. Share Compare cannot be held responsible for the accuracy of share prices shown on this website, and investors should be aware that share prices can go down as well as up. Share Compare does not offer advice, and is not regulated by the Financial Conduct Authority.