Vodafone Idea expects to roll out 5G service in next six-nine months
Telecom major Vodafone Idea is planning to launch its 5G service in select pockets across India in the next six to nine months, media reports said.
The company said it intends to cover 40% of its revenue base with its 5G services in the next 24-30 months.
Informing that the telecom major is 5G ready, Vodafone's chief executive officer, Akshay Moondra was quoted as saying by Moneycontrol: "We have completed the 5G minimum rollout obligation in 5G circles. We have done testing, and we just need to deploy 5G."
“As we invest in 4G growth and capacity and 5G rollout, we will be able to participate in the industry's growth," he said.
India’s third largest telco plans to spend the Rs 18,000 crore capital raised from its follow-on public offering (FPO) to set up new 5G sites, expand its 4G network, and defer spectrum payments, it said in its red herring prospectus (RHP), reported Moneycontrol.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
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