Vodafone Idea Secures Massive 4G and 5G Equipment Deal

Vodafone Idea has secured contracts worth Rs 30,000 crore from Nokia, Ericsson, and Samsung for 4G and 5G network equipment over three years. This move is part of their Rs 55,000-crore capital expenditure plan. The company aims to expand 4G population coverage and launch 5G in key markets.

Debt-laden Vodafone Idea has announced a landmark deal, awarding contracts valued at Rs 30,000 crore to Nokia, Ericsson, and Samsung for the supply of 4G and 5G network equipment over the next three years.

This marks the largest contract awarded by any Indian telecom operator this year, signaling the company's aggressive push towards enhancing network capabilities.

The initiative is part of a broader Rs 55,000-crore capital expenditure plan aimed at expanding 4G coverage and rolling out 5G services in key markets, paving the way for the company's next phase of growth.

(With inputs from agencies.)