Vodafone Idea seals Rs 13,500 crore equipment deal with Nokia
Vodafone Idea (Vi) has inked a near ₹13,500-crore deal with Finland's Nokia to buy equipment over a three-year span for its 4G network expansion and 5G roll out.
Multiple persons privy to the deal details said Nokia will supply 4G and 5G network equipment to Vi in nine circles. The Finnish gear maker will supply Vi its 5G AirScale network gear portfolio and also upgrade the telco's existing 4G network with multiband radios and baseband equipment, which can also support 5G.
The deal is part of Vi's recently announced plans to buy $3.6 billion (read: ₹30,000 crore) of 4G and 5G gear from Nokia, Ericsson and Samsung over a three-year span to bolster its 4G operation and roll out 5G networks in key cities across its 17 priority circles. The move was seen as a significant step from Vi to improve its competitiveness in the market against bigger adversaries Reliance Jio and Bharti Airtel and also stem customer losses.
Under the new contract, Nokia will handle 4G and 5G base station supplies for Vi in Mumbai, Gujarat, Andhra Pradesh, Haryana, UP-East, UP-West, West Bengal, Kolkata and Tamil Nadu/Chennai markets, one of the people cited told ET.
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