Vodafone promises to invest in India; wants good policies

"We invest in this market (India) ... We brought good competition to this market ... We should be allowed to continue this investment strategy. But for this we need stable policies," Vodafone-Essar CEO Vittorio Colao told reporters.

Colao's remarks come in the wake of telecom regulator TRAI's recommendations of charging one-time fee for spectrum held beyond 6.2 Mhz and linking it with 3G spectrum prices for all future allocation, and also refarming of spectrum at the time of renewal of licences.

If implemented, this could result in huge outgo for all incumbent operators. All the GSM players have asked the government to reject the TRAI report in toto saying no extra spectrum was held by them as it was allocated as per the government's policies.

Colao said the subscribers are looking forward to data services with the launch of 3G mobile services and Vodafone is working to bring low cost devices in Indian market. "We are working already on very low cost devices to enable everybody to have access, and what we need to get is good rules that allow good investment in infrastructure," he said.