Calling itself a long term player in India, UK-based Vodafone Group has said the country is moving in the right direction on the regulatory front though issues like spectrum usage charges and the tax case were still a concern for the company.
"There has been a very challenging regulatory phase I hope that now the country is getting it right...I think Vodafone will be here for 20, 30 or 50 or 100 years, I don't know how long...this is a good market for us," said Vodafone Group CEO Vittorio Colao during his recent visit to India.
Colao said there are some encouraging signs on the regulatory front and the Empowered Group of Ministers' (EGoM) recent decisions were in right direction, which is sending a positive message about the country.
The EGoM on December 3 cleared the much awaited merger and acquisitions (M&A) guidelines for the telecom sector and also decided on the quantum of 2G spectrum to be auctioned in January 2014.
He, however, said some issues still need clarification.
"Not completely...we have to get some spectrum usage charges clarifications, we have the tax case which is still there, we need to get the approval for our FIPB transactions, so there are several things," he said when asked if there is clarity on the regulatory front now.
"There has been a very challenging regulatory phase I hope that now the country is getting it right...I think Vodafone will be here for 20, 30 or 50 or 100 years, I don't know how long...this is a good market for us," said Vodafone Group CEO Vittorio Colao during his recent visit to India.
Colao said there are some encouraging signs on the regulatory front and the Empowered Group of Ministers' (EGoM) recent decisions were in right direction, which is sending a positive message about the country.
The EGoM on December 3 cleared the much awaited merger and acquisitions (M&A) guidelines for the telecom sector and also decided on the quantum of 2G spectrum to be auctioned in January 2014.
He, however, said some issues still need clarification.
"Not completely...we have to get some spectrum usage charges clarifications, we have the tax case which is still there, we need to get the approval for our FIPB transactions, so there are several things," he said when asked if there is clarity on the regulatory front now.
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