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Thats almost three times that of Bharti Airtel and 10 times that of cash-strapped Vodafone Idea, underlining the market leaders aggressive intent to grab airwaves, especially in those circles where rivals have to renew permits to continue offering seamless services, raising the prospect of bidding wars.
Spectrum Auction: Vodafone Idea has deposited Rs 300 crore as earnest money for the upcoming spectrum auction, Reliance Jio Deposits Highest Earnest Money At Rs 3,000; Airtel Rs 1,050
This reflected the 27 per cent increase in data consumption by subscribers on the MTN network from 7 Gigabytes per month in 2022 to 8.9 Gigabytes in 2023.
Vodafone Idea intends to cover 40 percent of its revenue base with its 5G services in the next 24-30 months