Vodafone Idea Partners with Samsung, Nokia, and Ericsson for Significant 4G and 5G Network Expansion

Sunday, 22 September 2024, 02:55

Vodafone Idea (VI) collaborates with Samsung, Nokia, and Ericsson to enhance its 4G and 5G services. This partnership involves a ₹30,000 crore pact for telecom equipment, supporting a broader ₹55,000 crore capex plan. VI aims to improve service for over 1.2 billion customers.
News24online
Vodafone Idea Partners with Samsung, Nokia, and Ericsson for Significant 4G and 5G Network Expansion

Innovative Partnership for Network Expansion

On September 22, 2024, Vodafone Idea (VI) announced a significant agreement worth ₹30,000 crore with industry giants Samsung, Nokia, and Ericsson to procure network equipment. This deal is crucial for facilitating the rollout of 5G services and expanding existing 4G offerings to a population of 120 crore from 103 crore. This initiative is part of the larger ₹55,000 crore capital expenditure plan aimed at enhancing network capabilities.

Commitment to Enhanced Customer Experience

According to CEO Akshaya Moondra, Vodafone Idea is focused on investing in advanced network technologies to deliver superior customer experiences. Moondra emphasized that this partnership marks a significant milestone in their ongoing relationship with Nokia and Ericsson, and expresses enthusiasm for the new collaboration with Samsung.

Financial Strategy Behind the Agreement

The funds for this extensive contract were raised through an equity sale, showcasing VI's strategy to manage its significant debt while enhancing service quality. VI remains committed to leveraging these resources to deploy more spectrum and improve its customer offerings.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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