Vodafone Idea shares up 9% on $3.6-bn deal with Nokia, Ericsson, Samsung
The deal is the first step towards Vi's three-year capex plan of $6.6 billion and is aimed at expanding Vi's 4G population coverage from 1.03 bn to 1.2 bn
The deal is the first step towards Vi's three-year capex plan of $6.6 billion and is aimed at expanding Vi's 4G population coverage from 1.03 bn to 1.2 bn
Vodafone Idea informed about the shareholders’ nod to issue preferential shares to Nokia & Ericsson worth ₹2,458 cr & conversion of ₹160 cr worth optionally converted debentures issued to ATC Telecom.
RIL shares gained as much as 2.3% to ₹2,644.30, while the market capitalisation increased by ₹27,468 crore to ₹17.76 lakh crore.
Jio plans to launch 5G services in certain cities by this Diwali and country-wide rollout by end of 2023.
Move could be possible game changer for high-speed rural connectivity
According to the latest Ericsson Mobility Report, video traffic would grow 30% annually up to 2025 and account for three-quarters of mobile traffic.
Outgoing Fortum CEO Pekka Lundmark to take over on September 1 from Rajeev Suri as president and CEO of Finnish telecom equipment major.
The heads of two telecom operators likely to play a leading role in the 5G roll-out were missing in action—Reliance Jio head Mukesh Ambani and Bharti Airtel chief Sunil Bharti Mittal.
Newer formats and immersive experiences enabled by augmented and virtual reality will drive video-based data traffic.
The capabilities of 5G will change our lives and will help us realise the true potential of technologies that we have already designed and will become the basis of innovations.