Vodafone Idea (Vi) shares climbed 4% following the launch of its 5G services in Mumbai, marking a significant step in the company’s network expansion strategy. The rollout promises enhanced connectivity, wider coverage, and competitive pricing, positioning Vi as a strong player in India’s 5G landscape.
The telecom operator has partnered with Nokia to integrate the latest energy-efficient technology, ensuring seamless and sustainable network performance. Additionally, the deployment of AI-based Self-Organizing Networks (SON) will optimize connectivity in real time, enhancing the user experience for activities like streaming, gaming, video calls, and cloud applications.
Vi’s 5G services are available starting today with an introductory offer of unlimited 5G data on plans beginning at just ₹299. The company aims to provide a superior digital experience at an affordable price, making it an attractive option for consumers in Mumbai.
Backed by a recent equity infusion of approximately ₹26,000 crore, including India’s largest FPO worth ₹18,000 crore, Vi is accelerating its network expansion. With a planned capital expenditure of ₹50,000-₹55,000 crore over three years, the company is focused on strengthening its 4G coverage to reach 90% of the population while strategically deploying 5G in key locations.
Vodafone Idea shares opened at ₹7.25 on Wednesday, hitting a high of ₹7.39 and a low of ₹7.21. The stock remains under pressure, significantly below its 52-week high of ₹19.18. Meanwhile, the 52-week low stands at ₹6.61.
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