SPECTRUM AUCTION: Vodafone gets Rs 47,700 cr from UK parent to take on Reliance Jio
In the biggest ever foreign direct investment into India, global telecom operator Vodafone has invested Rs 47,700 crore (about $7.11 bln) into its Indian arm. The investment has come days ahead of the biggest ever spectrum auction that India has seen. Vodafone has submitted earnest money of around 2,750 cr to participate in the auction. […]