Nokia selected by Vodafone Idea as major 4G & 5G partner in India
The company that recently raised Rs 24,000 crore by selling shares had said the deal marked the first step towards the rollout of its «transformative» three-year capex plan of Rs 55,000 crore, aimed at 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.
While experts had termed the deal, which is the largest by any telco this year, as a significant step in terms of network capex, they felt that additional investments would be needed for Vi to get at par with its stronger rivals, especially after the Supreme Court rejected a curative petition seeking to recompute dues linked to adjusted gross revenue (AGR). This ruling effectively confirmed its statutory dues of over ₹70,000 crore, payable from FY26.
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