Nokia selected by Vodafone Idea as major 4G & 5G partner in India

Nokia on Saturday announced that it has been selected by Vodafone Idea as a major 4G and 5G partner in India. This comes days after Cash-strapped, debt-ridden, Vi announced that it has concluded a deal worth $3.6 billion with Nokia, Ericsson and Samsung for supply of network equipment over a period of three years.

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.