When contacted, Vodafone spokesperson did not comment. Sources said the company plans to invest the funds so raised in building up networks as its competitors Airtel and Reliance Jio Infocomm are focussing on latest 4G services to take lead in Indian market. Vodafone, which is facing retrospective taxation issues in India, was the top MNC investor in the country during April-February period of 2014-15 fiscal. As per the data available with Commerce and Industry Ministry for April-February period, Vodafone India's USD 1.5 billion investment in May 2014 was the biggest by any multi-national company.