Vodafone Idea (VIL) has concluded a mega $3.6 billion (Rs 300 billion) deal with Nokia, Ericsson and Samsung, for supply of network equipment over a period of three years. The deal marks the first step towards the rollout of the company’s transformative three-year capex plan of $6.6 billion (Rs 550 billion). The capex programme is directed towards expanding the 4G population coverage from 1.03 billion to 1.2 billion, launching 5G in key markets and capacity expansion in line with data growth. The company has continued with its existing long-term partners Nokia and Ericsson and also onboarded Samsung as a new partner.
These contracts will allow the company to quickly capitalize on the latest state-of-the-art equipment to offer enhanced customer experience. Further, the learnings and insights obtained by the vendors in the Indian market over the last two years, will enable the company to embark on a more flexible and modular rollout plan by customising the services for all advanced technologies (4G & 5G). In addition, the new equipment will also lead to efficiency gains in energy and thus lower operating costs. The supplies against these new long-term awards will start in the coming quarter. The top priority for the company is to expand the 4G coverage to 1.2 billion Indians.
Post the recent equity raise of Rs 240 billion and additional spectrum acquisition of Rs 35 billion in June 2024 auction, the company has also executed some quick win Capex, while simultaneously working on concluding these long-term contracts. These quick wins were mainly by way of deployment of more spectrum on existing sites and also the roll out of some new sites. This is resulting in around 15% boost in capacity and an increase in population coverage by 16 million by end September, 2024.
Vodafone Idea is an Aditya Birla Group and Vodafone Group partnership. It is developing world-class infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future ready with innovative offerings conveniently accessible through an ecosystem of digital channels as well as extensive on-ground presence.
| Company Name | CMP |
|---|---|
| Bharti Airtel | 1578.25 |
| Vodafone Idea | 7.40 |
| Indus Towers | 337.20 |
| Tata Communications | 1712.75 |
| Bharti Hexacom Ltd. | 1499.05 |
| View more.. | |
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