Vodafone Idea Seals ₹30,000 Crore Network Equipment Deal

Vodafone Idea has finalized a mega deal worth ~USD 3.6 billion (~Rs. 30,000 crore) with Nokia, Ericsson, and Samsung. This agreement spans three years and marks a key step in its transformative capex plan.

The capex program, totaling ~USD 6.6 billion (Rs. 55,000 crore), aims to expand 4G coverage from 1.03 billion to 1.2 billion and launch 5G in key markets, enhancing network capacity to meet growing data demands.

VIL is working with existing partners Nokia and Ericsson, while onboarding Samsung for enhanced customer experiences and improved network efficiency. The company has already achieved a 15% capacity boost and increased coverage by 16 million by September 2024.