LONDON--(BUSINESS WIRE)--Tom Phillips, Chief Regulatory Officer, GSMA comments on the conclusion of the spectrum auction in India:

“The Indian Government raised a record amount from the spectrum auction – almost US $18 billion. This outcome reflects the commitment of national mobile operators to invest in India, but it was also the result of pressure on operators to retain existing holdings to ensure service continuity for their customers.

“Unfortunately these high prices will put increased financial pressure on operators and ultimately have a negative impact on consumers, reducing the value derived from the spectrum and hindering future economic growth and social gain in India.

“With the auction now concluded, the GSMA looks to the Indian Government to enable a business and regulatory environment built around trust and certainty, which will facilitate fresh investment by mobile operators to expand mobile broadband services throughout the country.

“Mobile connectivity is a critical enabler for building a digitally empowered society and knowledge economy and must inevitably be at the heart of Prime Minister Modi’s vision for a truly ‘Digital India’.”

-ENDS-

About the GSMA

The GSMA represents the interests of mobile operators worldwide, uniting nearly 800 operators with more than 250 companies in the broader mobile ecosystem, including handset and device makers, software companies, equipment providers and Internet companies, as well as organisations in adjacent industry sectors. The GSMA also produces industry-leading events such as Mobile World Congress, Mobile World Congress Shanghai and the Mobile 360 Series conferences.

For more information, please visit the GSMA corporate website at www.gsma.com. Follow the GSMA on Twitter: @GSMA.

Contacts

Media Contacts
For the GSMA
Saurabh Saggi (New Delhi)
+91 9810074079
ssaggi@webershandwick.com
GSMA Press Office
pressoffice@gsma.com

GSMA Calls on Indian Government to Foster Mobile Investment (Photo: Business Wire)