Pieters, 61, who is stepping down from his position from April 1, 2015, has been at the head of Vodafone in India since February 2009.
In post-noon trade, stocks of Bharti Airtel, Idea Cellular and Reliance Communications were sharply down 1.8%, 3.5% and 2.5% respectively.
"Swapping of airwaves is a legitimate issue. If we were to swap the airwaves, it would ease things for both defence and the telecom department."
Net neutrality: Trai's paper to give insight into what future holds for freedom of internet in India
The issue of net neutrality hasn’t seen much public debate in India so far, when compared with developed markets like the US and Europe.
The latest contract is bigger in scope than the previous one, which was worth $1 billion but was for eight years and 100,000 km of fibre.
The largest business division of UK’s BT Group plans to focus on the country’s financial services and healthcare & pharmaceutical sectors.
“For the first time in 67 years, India will be run by someone who is pro-business and business ultimately creates jobs,” Watsa gushed.
Baksaas said that the Indian government should not charge hefty upfront payments from the industry on account of airwaves but should allow the industry to grow.
He urged the Indian govt to release more spectrum, and added that it is open for M&A in the country, but current rules don't encourage such a move.
Sony India expects its overall revenue to grow to Rs 12,000 crore in the fiscal year ending March 2015, up from Rs 10,000 crore in last fiscal year.
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