Ericsson India in Talks with Vodafone Idea 5G Agreement

Swedish telecommunications equipment manufacturer Ericsson is currently in talks with Vodafone Idea to obtain new orders for 4G and 5G equipment. The initiative follows a follow-on offer and is expected to initiate a network expansion project within the next two to three months, according to a report in Moneycontrol.

 

Key Takeaways from Vodafone Idea:

 

  • Ericsson is in talks with Vodafone Idea to obtain new orders for 4G and 5G equipment.
  • The initiative is expected to initiate a network expansion project within the next two to three months.

 

Ericsson is currently serving as a 5G equipment provider for both Reliance Jio and Bharti Airtel. These two telecom giants also work with Nokia to procure their 5G equipment, the report added.

 

“Vodafone Idea is our partner and we are in discussions with them. We are hopeful that when they launch 5G, we will be supporting them in their rollouts,” the report quoted Nitin Bansal, managing director of Ericsson India, as saying. 

 

Vodafone Idea is expecting to roll out its 5G deployment in six months and is engaged in discussions with vendors for 5G agreements. However, the primary focus of the company at present is to enhance its 4G capacity and coverage within a couple of months to reduce subscriber losses.

 

About Vodafone Idea Limited:

 

Vodafone Idea Limited is headquartered in Mumbai and Gandhinagar and is an Aditya Birla Group and Vodafone Group partnership. The Company provides pan India voice and data services across 2G, 3G and 4G platforms. Vodafone Idea has a subscriber base of 219.8 million, making it the third-largest mobile telecommunications network in India and the 11th-largest mobile telecommunication network in the world.

 

Read More About the Share Market Today Here!

Top stories
Company

Delta Corp Q1 PAT Declines 68% YoY to Rs 22 crore in FY25

4 mins read . 13 Jul 2024 . 09:30 AM

Company

Zydus Life Gets USFDA Nod for Heart Failure Drug

3 mins read . 13 Jul 2024 . 09:23 AM

Company

RVNL Spurts 10% on Bagging Multiple Orders Worth Rs 390 Cr

4 mins read . 13 Jul 2024 . 09:18 AM

Related Blogs
blog-logo

Share Market

blog-logo

12 mins read . 12 Jul 2024

Ritesh Agarwal: The OYO Founder’s Success Story

  • 0 people read
blog-logo

Share Market

blog-logo

15 mins read . 08 Jul 2024

Best Oil & Gas Stocks in India

  • 0 people read
Kickstart your equities journey today You've got this
By submitting this I agree to the terms & conditions