Vi CEO prioritizes 4G, 5G rollout in investment strategy
Custom Image
Go Back
1 week ago 01:49:06pm Television

Vi CEO prioritizes 4G, 5G rollout in investment strategy

New Delhi, 13-May-2024, By IBW Team


Vodafone Idea (Vi) CEO Akshaya Moondra has told the company’s nearly 220 million customers that upcoming investments will focus on the expansion of 4G services and roll out of 5G and that the telco’s recently concluded ₹18,000-crore follow-on public offer (FPO), subscribed seven times, is a significant milestone.

“We are ready for a new chapter of growth and innovation that is empowered by our state-of-the-art network, advanced technology, and unwavering commitment towards customer satisfaction,” Moondra wrote in a mass communication to Vi customers Friday.

He added that Vi’s upcoming investments in expanding 4G and rolling out 5G services with the latest technology would ensure the telco continues to deliver the service quality that customers expect.

ET recently reported that Vi has expedited talks with European network gear vendors Nokia and Ericsson to upgrade its 4G network with purchase orders (POs) likely by June-July that may even include some initial 5G contracts.

The telecom joint venture between UK’s Vodafone Plc and India’s Aditya Birla Group has already said that out of the ₹18,000 crore raised via the FPO, over ₹12,000 crore has been set aside for 4G expansion and 5G roll outs. Of this, ₹5,720 crore will go towards 5G roll outs with 4G expansion being an immediate priority for the telco.

In his letter to Vi customers, Moondra added that the success of the company’s FPO is “testimony to the trust and confidence” that investors have reposed in the telco’s brand.

Shares of Vi closed 0.5% higher at ₹12.73 on the BSE Friday.

Moondra added that Vi had also been ranked highly on voice quality by the telecom regulator and on fast data speeds by independent agencies.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

Our Events

  • img
    SatCab Symposium

    SatCab symposium organized by Aavishkar Media Group is an annual event. It's a well-informed event where we have a panel discussion on the current affairs and future forecasting on our industry.

  • img
    Ratna Awards

    BCS Ratna Award organized by Aavishkar Media Group is an annual event. In this award function, a community of our industry is honored by receiving the award for the contribution of their work.

  • img
    Chetna Yatra

    Chetna Yatra organized by Aavishkar Media Group is an annual event. Held by Dr. AK Rastogi, Chairman of Aavishkar Media Group. Pilgrimage India in his car for connecting the people of our industry.

  • img
    Imaan India Sammaan

    Imaan India Samman is an event mobilized by Aavishkar Media Group, which was launched in 2012. Giving the award to the NGOs for giving their contribution to society.

Youtube Videos