The highest precedence for Vodafone Thought is to develop the 4G protection to 1.2 billion Indians, the assertion mentioned
| Picture Credit score: Reuters
Debt-ridden Vodafone Thought on Sunday (September 22, 2024) mentioned it has awarded contracts price about ₹30,000 crore to Nokia, Ericsson and Samsung for provide of 4G and 5G community gear for 3 years.
The deal is step one in the direction of the roll-out of the corporate’s three-year capex (capital expenditure) plan of about $6.6 billion or ₹55,000 crore introduced earlier.
“Vodafone Thought has concluded a mega, about $3.6 billion [around ₹300 billion], take care of Nokia, Ericsson and Samsung for provide of community gear over a interval of three years. The capex programme is directed in the direction of increasing the 4G inhabitants protection from 1.03 billion to 1.2 billion, launching 5G in key markets and capability growth consistent with information progress,” the corporate mentioned in a press release.
The provides in opposition to these new long-term awards will begin within the coming quarter.
The highest precedence for the corporate is to develop the 4G protection to 1.2 billion Indians, the assertion mentioned.
Printed – September 22, 2024 01:25 pm IST
