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Vodafone Idea seals $3.6 bn network deal with Nokia, Ericsson, Samsung
The Daily Guardian
|September 23, 2024
NEW DELHI Vodafone Idea Limited has secured a deal worth USD 3.6 billion (Rs.300 billion) with Nokia, Ericsson, and Samsung for the supply of network equipment over the next three years.
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This agreement marks the first step in the company's three-year capital expenditure plan of USD 6.6 billion (Rs. 550 billion), according to its official filing.
The investment will be used to expand Vodafone Idea's 4G population coverage from 1.03 billion to 1.2 billion, and to launch 5G services in key markets, as well as increase capacity to meet data growth demands, the filing noted.
"The company has retained its long-standing partners, Nokia and Ericsson, and has also brought on Samsung as a new partner," the statement read.
Dit verhaal komt uit de September 23, 2024-editie van The Daily Guardian.
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