The announcement led to the shares of the firm finishing with gains of 2.41 per cent at ₹8.07 in the BSE
Vodafone Idea Ltd (VIL) is preparing for a phased rollout of its 5G services with ‘first-of-their-kind tariff plans’’.
CEO Akshaya Moondra disclosed this in a New Year message to the telco’s customers. The announcement led to the firm’s shares finishing with gains of 2.41 per cent at ₹8.07 in the BSE.
Vodafone Idea Ltd (VIL) is preparing for a phased rollout of its 5G services with ‘first-of-their-kind tariff plans’’.
CEO Akshaya Moondra disclosed this in a New Year message to the telco’s customers. The announcement led to the firm’s shares finishing with gains of 2.41 per cent at ₹8.07 in the BSE.
In his message, Moondra said that the company has partnered with global leaders like Ericsson, Nokia and Samsung and is driving a three-year transformation plan. He disclosed that thousands of new sites will enhance their connectivity by March this year, elevating the network experience.
According to Moondra, in 2024, VIL added over 46,000 new sites, and this was accompanied by an enhancement of the capacity at over 58,000 sites. “A lot more of our network is now on our Indoor Coverage Plus technology which significantly boosts indoor coverage and quality whether you are at home, at the office, or at mall.’’
He pointed out that VIL has introduced SPAM detection solutions to safeguard customers besides adding new sites and strengthening its existing network. “Vi has excelled across all performance metrics of 4G download and upload speeds, 4G video and gaming experiences, and 4G voice app calling performance,’’ Moondra noted.
While the VIL chief did not disclose where the 5G services will be launched, reports indicate that they will be rolled out in 75 cities. The company is also reportedly planning to offer tariffs that are 15 percent cheaper than those offered by its two rivals, Bharti Airtel and Jio.
The Department of Telecommunications recently waived bank guarantees for spectrum acquired in auctions held before 2022. VIL was required to provide BGs of around ₹24,800 crore against the spectrum instalments.
“It will ensure that telecom operators utilize the banking system’s exposure towards further proliferation of 4G and 5G networks in India,’’ VIL said after receipt of the waiver.
