Vodafone Idea Limited (VIL) has successfully concluded a major $3.6 billion (~Rs. 300 billion) deal with global network leaders Nokia, Ericsson, and Samsung, marking its largest capital expenditure investment to date. This three-year agreement is a critical component of VIL’s broader $6.6 billion capex plan aimed at expanding 4G population coverage to 1.2 billion and introducing 5G services in key markets.
CEO Akshaya Moondra highlighted VIL’s commitment to cutting-edge technology, saying, “This investment cycle marks a new era for VIL as we embark on a smart turnaround to capitalize on industry growth.”
The equipment from these long-term partners will enable VIL to improve network performance and energy efficiency, reducing operating costs. Initial rollouts have already enhanced capacity by 15%, covering an additional 16 million people. This investment is expected to bring significant improvements to network quality, particularly in expanding 4G coverage and laying the groundwork for future 5G rollouts in Assam, benefiting both consumers and businesses.
