VI signs mega deal for 4G, 5G growth
NEW DELHI: Vodafone Idea has awarded contracts value roughly Rs 30,000 crore to Nokia, Ericsson, and Samsung for 4G and 5G community equipment over the following three years. This transfer is a part of the corporate’s introduced three-year capital expenditure plan of round Rs 55,000 crore.
“Vodafone Idea (“VIL” or “Company”) has concluded a mega ~USD 3.6 billion (~Rs. 300 billion) deal with Nokia, Ericsson, and Samsung, for the supply of network equipment over a period of three years.The deal marks the first step towards the rollout of the company’s transformative three-year capex plan of ~USD 6.6 billion (Rs. 550 billion),” the corporate mentioned in a press launch.
The assertion additional revealed that this initiative seeks to increase 4G protection from 1.03 billion to 1.2 billion folks and improve capability to assist information development.
“The company has continued with its existing long-term partners Nokia and Ericsson and also onboarded Samsung as a new partner,” mentioned the corporate whereas stating that “the top priority for the company is to expand the 4G coverage to 1.2 billion Indians.”
Following a current fairness increase of Rs. 240 billion and an extra spectrum acquisition of Rs. 35 billion within the June 2024 public sale, Vodafone Idea has undertaken a collection of fast capital expenditures to boost its community capabilities. The firm has deployed further spectrum on current websites and established new ones, resulting in a roughly 15% enhance in capability and increasing inhabitants protection by 16 million by the tip of September 2024.
These infrastructure upgrades are already enhancing buyer expertise in chosen areas the place rollouts have been accomplished. Simultaneously, Vodafone Idea is within the strategy of finalizing long-term contracts to maintain its ongoing growth efforts.
The CEO of VI Ltd Akshaya Moondra mentioned, “We are committed to investing in emerging network technologies to provide a best-in-class experience to our customers. We have kickstarted the investment cycle. We are on our journey of VIL 2.0 and from hereon, VIL will stage a smart turnaround to effectively participate in the industry growth opportunities.”
He additional talked concerning the contract with the companions and added in his assertion, “Nokia and Ericsson have been our partners since our inception and this marks another milestone in that continuing partnership. We are pleased to start our new partnership with Samsung. We look forward to working closely with all our partners as we move into the 5G era.”
“Vodafone Idea (“VIL” or “Company”) has concluded a mega ~USD 3.6 billion (~Rs. 300 billion) deal with Nokia, Ericsson, and Samsung, for the supply of network equipment over a period of three years.The deal marks the first step towards the rollout of the company’s transformative three-year capex plan of ~USD 6.6 billion (Rs. 550 billion),” the corporate mentioned in a press launch.
The assertion additional revealed that this initiative seeks to increase 4G protection from 1.03 billion to 1.2 billion folks and improve capability to assist information development.
“The company has continued with its existing long-term partners Nokia and Ericsson and also onboarded Samsung as a new partner,” mentioned the corporate whereas stating that “the top priority for the company is to expand the 4G coverage to 1.2 billion Indians.”
Following a current fairness increase of Rs. 240 billion and an extra spectrum acquisition of Rs. 35 billion within the June 2024 public sale, Vodafone Idea has undertaken a collection of fast capital expenditures to boost its community capabilities. The firm has deployed further spectrum on current websites and established new ones, resulting in a roughly 15% enhance in capability and increasing inhabitants protection by 16 million by the tip of September 2024.
These infrastructure upgrades are already enhancing buyer expertise in chosen areas the place rollouts have been accomplished. Simultaneously, Vodafone Idea is within the strategy of finalizing long-term contracts to maintain its ongoing growth efforts.
The CEO of VI Ltd Akshaya Moondra mentioned, “We are committed to investing in emerging network technologies to provide a best-in-class experience to our customers. We have kickstarted the investment cycle. We are on our journey of VIL 2.0 and from hereon, VIL will stage a smart turnaround to effectively participate in the industry growth opportunities.”
He additional talked concerning the contract with the companions and added in his assertion, “Nokia and Ericsson have been our partners since our inception and this marks another milestone in that continuing partnership. We are pleased to start our new partnership with Samsung. We look forward to working closely with all our partners as we move into the 5G era.”
