Vodafone Idea Set to Launch 5G Network in June

According to the New Indian Express, which quoted a senior Department of Telecommunications official, Vodafone Idea, India’s third-ranked telecom, is scheduled to deploy its 5G network in June and has also been successful in forging partnerships with banks to acquire funding. The last steps of Vodafone Idea’s fundraising-related conversations may take place sometime in June, according to the article.

Vodafone Idea

All About Vodafone Idea 5G launch!

“I consider Vodafone Idea’s discussions with the banks to be constructive efforts to raise money. The telecom company will make its fundraising announcement the following month. As the business has always stated that it would begin rolling out a 5G network once the finance was secured, I anticipate the business to do so in June itself,” the official was quoted as saying in the newspaper.

According to the article, a telecom department employee claimed that VI had paid a portion of its third-quarter license fee obligations and cleared the remainder. Remember that Vodafone Idea has been trying to raise money for several years without being successful.

image 382 Vodafone Idea Set to Launch 5G Network in June

The telecom secretary was reported as stating, “We continue to get monthly data on their subscriber base and other metrics, but we’re waiting for them to provide resources, including equity and debt, in addition to their monthly reports on subscriber base and other metrics. 

And now that Mr. Birla is back on the board, I’m sure they will get back to us shortly with their strategy.” However, Vodafone Idea did not react to the publication’s inquiries. Reliance Jio and Bharti Airtel, the telco’s competitors, claim they are on schedule to finish their 5G deployments between year’s end and early 2024.

image 383 Vodafone Idea Set to Launch 5G Network in June

According to the report, in February of this year, the Centre made the decision to convert Rs 16,133 crore in interest payments owed on deferred adjusted gross revenue (AGR) and spectrum use charge (SUC) from Vodafone Idea into equity. According to a recent report by Telecom Secretary K Rajaraman, Aditya Birla Group Chairman Kumar Mangalam Birla’s return to the company’s board is a “positive step” and Vodafone Idea is anticipated to announce its resurrection strategy soon.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More like this

Vi 5G Services Launched in Mumbai: Everything You Need to Know

Vi 5G Services Launched in Mumbai: Everything You Need...

Vi 5G Services Launched: Vodafone Idea (Vi) has officially launched its 5G services in Mumbai, marking a...

Airtel, Vi Launch New 5G Data Packs With JioHotstar...

Earlier this month, Reliance Jio introduced a prepaid plan that included a complimentary JioHotstar subscription. Now Airtel...
Vi 1 GB Free Data: Boost Your Mobile Experience in 2025

Vi 1 GB Free Data: Boost Your Mobile Experience...

Are you constantly running out of mobile data? Imagine scrolling through your favorite social media feeds, streaming...

Vi’s Cheapest Unlimited 5G Plans Start at ₹299

Vodafone Idea (Vi), India’s third-largest telecom provider, has launched 5G services for its prepaid and postpaid users....

Netflix Subscription 2025: Your Ultimate Guide to Streaming

Netflix Subscription 2025 Updates: A Complete Guide to Binge-Watching! Hey there, streaming enthusiasts! Are you ready to dive...

LATEST NEWS

Supreme Court Intervenes: Protecting Biodiversity and Challenging Unchecked Development

In a landmark decision that resonates far beyond its immediate geographical context, the Supreme Court of India has taken a decisive stand against rampant...

PUBG Mobile x Godzilla Collaboration: Comprehensive Rewards Strategy

The gaming world stands on the brink of an extraordinary crossover as PUBG Mobile teams up with the legendary Godzilla franchise. This collaboration isn’t...

IPL 2025: When Passion Meets Viral Fame – Aaryapriya Bhuyan’s MS Dhoni Reaction

Cricket is more than just a sport in India - it’s an emotion that connects millions. In the electrifying atmosphere of IPL 2025, a...

NYT Wordle #1385: Mastering Today’s Puzzle with Expert Hints and Insights

NYT Wordle continues to captivate millions with its simple yet challenging five-letter word puzzle. Each day brings a new linguistic adventure, testing players’ vocabulary,...

Featured