The 3G roll out story of telecom firms is surely becoming a test of the extent to which you can bleed.
Vodafone Essar Ltd which demonstrated a 3G video call on its network in India on Thursday has spent about $450 million to procure necessary 3G equipment, according to Marten Pieters, the firm’s MD.
Vodafone Essar acquired 3G spectrum in 10 circles namely, Delhi, Mumbai, Chennai, Kolkata, Maharashtra, Gujarat, Tamil Nadu, Haryana, Uttar Pradesh (E) and West Bengal at an expense of over Rs11,000 crore.
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dnaindia.comt_3g-rollout-test-of-how-much-losses-companies-can-take
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