Mon Sep 23 07:11:51 UTC 2024: ## Vodafone Idea Partners with Nokia, Ericsson, and Samsung for $3.6 Billion 5G Network Expansion

**New Delhi:** Struggling with debt and cash flow issues, Vodafone Idea (Vi) has made a major move by signing a $3.6 billion (approximately INR 300 billion) deal with telecom giants Nokia, Ericsson, and Samsung. This deal will see these companies supplying network equipment to Vi for the next three years, enabling the company to rapidly expand its 4G and 5G networks.

Vi aims to utilize this deal to bolster its 4G network reach from 103 million to 120 million users. Simultaneously, the company will accelerate its 5G rollout. This deal represents the first part of Vi’s $6.6 billion (INR 550 billion) capex plan.

Vi CEO Akshaya Moondra stated that the company will continue to invest in network technology, emphasizing the goal of providing a superior customer experience. The company plans to leverage the industry’s growth potential.

The new equipment is expected to be energy-efficient, reducing operating costs for Vi. The primary focus remains on expanding the 4G network. The company recently secured INR 240 billion in funding and acquired new spectrum for INR 3500 billion. Vi aims to increase its capacity by 15% to reach 1.6 million users by the end of September. The company has also submitted its long-term plan to banks for evaluation, expecting a decision soon.

This significant deal signifies Vi’s commitment to competing in the increasingly competitive telecom market. The partnership with leading network providers like Nokia, Ericsson, and Samsung reflects the company’s ambition to offer high-quality network services and secure a dominant position in the Indian telecom landscape.

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