Vodafone Idea Inks 30,000 crore deal with Nokia, Ericsson and Samsung By CIOTechOutlook Team

Vodafone Idea Inks 30,000 crore deal with Nokia, Ericsson and Samsung

CIOTechOutlook Team | Monday, 23 September 2024, 03:41 IST

Vodafone Idea has granted contracts valued at around 30,000 crore to Nokia, Ericsson, and Samsung for the provision of 4G and 5G network equipment over a period of three years. The agreement marks the initial stage in the implementation of the company's previously announced 55,000 crore ($6.6 billion), three-year capex plan.

"Vodafone Idea has concluded a mega, about 30,000 crore ($3.6 billion), deal with Nokia, Ericsson and Samsung for supply of network equipment over a period of three years. The capex programme is directed towards expanding the 4G population coverage from 1.03 billion to 1.2 billion, launching 5G in key markets and capacity expansion in line with data growth," the company said in a statement.

The distribution of resources for these recent long-term grants will begin in the upcoming quarter. Expanding 4G coverage to 1.2 billion Indians is the company's main focus, according to the statement.

Vodafone Idea, an Indian telecom company, has its main offices in Mumbai and Gandhinagar. It is a GSM operator providing mobile telephony services across India. The company was established on 31 August 2018 when Vodafone India and Idea Cellular merged. On 20 September 2020, Vodafone India and Idea Cellular were rebranded as Vodafone Idea (Vi).