India's Vodafone Idea concludes $3.6 bln network equipment deal
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 22 2024
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Source: Reuters
Vodafone Idea's Equipment Deal: Vodafone Idea has finalized a $3.6 billion agreement with Nokia, Ericsson, and Samsung for equipment supply over three years, as part of its $6.6 billion capex plan aimed at expanding 4G coverage and launching 5G services.
Financial Challenges and Market Position: The company continues to face financial difficulties, having reported losses each quarter since its merger in 2018, while also dealing with significant past dues owed to the government, which have contributed to a decline in its stock value.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
