Following a lucrative FPO, Vodafone Idea (Vi) intensifies talks with Nokia and Ericsson to enhance its 4G network, with potential 5G agreements on the horizon. With Rs 13,000 crore allocated for capital expenditures, Vi aims to bolster its infrastructure, prioritizing 4G expansion to compete with rivals. Despite challenges in meeting payment obligations, Vi plans to secure additional funds through debt and preferential share issues. The focus on 4G upgrades precedes the rollout of 5G, targeting a 40% revenue coverage within 24-30 months.
Vodafone Idea Accelerates Network Upgrades Post-FPO Success
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