Vodafone Idea Collaborates with Samsung, Nokia, and Ericsson to Enhance 4G and 5G Services

Sunday, 22 September 2024, 02:55

Vodafone Idea (VI) has partnered with Samsung, Nokia, and Ericsson to roll out advanced 4G and 5G services. This Rs 30,000 Crore deal aims to strengthen VI's network infrastructure and expand its capabilities. With an ambitious goal to serve a larger population, VI is set to transform its service delivery through this strategic collaboration.
News24online
Vodafone Idea Collaborates with Samsung, Nokia, and Ericsson to Enhance 4G and 5G Services

Vodafone Idea's Big Move in Telecom

On September 22, 2024, Vodafone Idea (VI) announced a Rs 30,000 Crore agreement with industry leaders Samsung, Nokia, and Ericsson for the procurement of vital telecom equipment aimed at a seamless rollout of 5G services and enhancement of current 4G services.

Strategic Partnerships for Future Growth

This latest deal aligns with VI's Rs 55,000 Crore capital spending plan, projected over three years. CEO Akshaya Moondra emphasized the company's commitment to invest in emerging technologies, stating, "We are on our journey of VIL 2.0 and will effectively seize growth opportunities in the telecom sector."

Expanding Reach through Innovation

  • Targeting service for 120 Crore from the current 103 Crore
  • Plans to leverage this collaboration to initiate 5G services in key markets
  • Previous investment has bolstered service quality and customer satisfaction

Despite significant debt, VI has successfully raised the necessary funds through prior equity sales to fund this ambitious venture.


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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