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regular-article-logo Tuesday, 03 December 2024

Vodafone Idea awards Rs 30,000-crore contracts to Nokia, Ericsson, Samsung for 4G, 5G gear supply

The deal is the first step towards the roll-out of the company's three-year capex (capital expenditure) plan of about USD 6.6 billion or Rs 55,000 crore announced earlier

PTI New Delhi Published 22.09.24, 12:04 PM
Representational image.

Representational image. File picture.

Debt-ridden Vodafone Idea on Sunday said it has awarded contracts worth about Rs 30,000 crore to Nokia, Ericsson and Samsung for supply of 4G and 5G network equipment for three years.

The deal is the first step towards the roll-out of the company's three-year capex (capital expenditure) plan of about USD 6.6 billion or Rs 55,000 crore announced earlier.

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"Vodafone Idea has concluded a mega, about USD 3.6 billion (around Rs 300 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 supplies against these new long-term awards will start in the coming quarter.

The top priority for the company is to expand the 4G coverage to 1.2 billion Indians, the statement said.

Except for the headline, this story has not been edited by The Telegraph Online staff and has been published from a syndicated feed.

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