Allocate unsold spectrum at a price: Vodafone Idea CEO

NEW DELHI: Ahead of 5G auctions, Vodafone Idea MD & CEO Ravinder Takkar has said that the telecom department should consider “allocating” spectrum that is left unsold to mobile operators at a certain market-discovered price as companies scale networks to meet the country’s growing digital consumption.

Takkar, who is leading the turnaround strategy for Vodafone Idea that struggles with a Rs 1. 9-lakh-crore debt and heavy losses, also said that the company is gradually moving towards sorting out its financial woes as it reaps synergies of the merger between Vodafone India and Idea Cellular , while looking to close in on an estimated Rs 20,000 crore in fresh funding very soon.