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19-Mar2019

Vodafone Idea gains on signing next-generation LTE rollout deal with Nokia

Vodafone Idea is currently trading at Rs. 32.30, up by 0.10 points or 0.31% from its previous closing of Rs. 32.20 on the BSE.

The scrip opened at Rs. 32.40 and has touched a high and low of Rs. 32.55 and Rs. 31.25 respectively. So far 1233515 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 81.60 on 27-Mar-2018 and a 52 week low of Rs. 28.80 on 06-Feb-2019.

Last one week high and low of the scrip stood at Rs. 35.30 and Rs. 31.25 respectively. The current market cap of the company is Rs. 27953.79 crore.

The promoters holding in the company stood at 71.33%, while Institutions and Non-Institutions held 18.44% and 10.24% respectively.

Vodafone Idea has partnered with Nokia to roll out its next generation, future ready LTE network across multiple service areas. As part of the agreement, Nokia will deploy state-of-the art telecom equipment, including Single RAN Advanced, massive Multiple Input Multiple Output (MIMO) and small cells. These deployments will enable Vodafone Idea subscribers to enjoy higher-bandwidth applications and services.

Nokia's Single RAN solution will enable Vodafone Idea to simplify its network installation and management. The deployment of massive MIMO technology will enhance capacity and speed. Further, the installation of Nokia's small cells will supplement operator's macro network and ensure improved coverage and capacity, both indoors and outdoors, in line with the HetNet architecture to enable their next generation networks.

Vodafone Idea is an Aditya Birla Group and Vodafone Group partnership. It is developing world-class infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future ready with innovative offerings conveniently accessible through an ecosystem of digital channels as well as extensive on-ground presence.


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