News – Vodafone Idea signs deal with Nokia, Ericsson and Samsung

New Delhi. Debt-ridden telecom company Vodafone Idea (VIL) has awarded a Rs 30,000 crore contract to Nokia, Ericsson and Samsung for the supply of 4G and 5G network equipment. The company gave this information on Sunday. This contract is for three years. The company had earlier announced a capital expenditure of $ 6.6 billion or Rs 55,000 crore in three years. This deal is the first step in this direction. The company said that Vodafone Idea has signed a major deal of about $ 3.6 billion (about Rs 30,000 crore) with Nokia, Ericsson and Samsung for the supply of network equipment over a period of three years. The statement said that the goal of this capital expenditure program is to increase the scope of 4G population from 1.03 billion to 1.2 billion, launch 5G service in major markets and expand capacity in line with the growth of data. Supplies under these new long-term contracts will start in the coming quarter. The statement said that expanding 4G services (coverage) to 1.2 billion Indians is the company's top priority.

Comments are closed.