Vodafone India has stated that the government decision to allow spectrum trading is a forward looking move as it will result in better utilisation of spectrum and allow smaller players to raise capital. The latter will help operators to deleverage their balance sheets.

 This comes after the government approved trading of spectrum in all frequency bands. Further, it allowed operators to trade spectrum that was allocated under the administrative route after paying the difference between administrative price and market-determined price.

Vodafone India is of the view that operators can create greater efficiency and optimise spectrum in the ecosystem. It added that consolidation in terms of spectrum holdings will depend on the buyer and seller.