Vodafone Idea shareholders approved a fund raise of ₹20,000 crore on April 3, a move that could potentially unlock revenue opportunities for multinational telecom gear vendors such as Nokia and Ericsson.
The funds will allow the telecom major to expand its 4G network and roll out 5G services.
Analysts suggest that these moves could help the company regain some of its competitive edge by offering a better experience to its users.
As of 2:55 pm, Vodafone Idea’s shares were trading 1.12% higher at ₹13.60.
The approved fundraise is expected to provide the company with the necessary resources to invest in network infrastructure and enhance its services, potentially boosting its market position in the highly competitive telecom industry.
