NEW DELHI: Vodafone Idea (Vi) has partnered with Ericsson to source telecom equipment for the development of its 4G and 5G networks. The Sweden-based telecom gear manufacturer will upgrade Vi’s existing 4G infrastructure and deploy 5G across various Indian telecom circles.
Ericsson will provide 4G and 5G services in telecom circles of Delhi, Kerala, Chhattisgarh, and Rajasthan, increasing its footprint and market share with Vi. In a statement, Ericsson said this development marks a new milestone in the long-standing collaboration between the two companies, reinforcing commitment to providing a robust digital infra in India.
As part of this contract, Ericsson will deploy energy-efficient and lightweight Ericsson Radio System products, including mid-band Massive MIMO antenna-integrated radios, to ensure best-in-class network performance for Vi network.
“Collaborating with Ericsson will enable Vi to modernise its 4G network and deploy a world-class 5G network. 5G deployment will enable us to seamlessly manage growing data traffic on Vi network, provide secure and reliable connectivity enhancing customer experience from the network,” said Akshaya Moondra, CEO of Vi.
Grover’s shares to be transferred to family trust
BharatPe in an official statement said the firm has arrived at an agreement with Grover. “As part of the settlement, Grover will not be associated with BharatPe in any capacity nor be a part of the shareholding of the company. Certain shares of Grover shall be transferred to the Resilient Growth Trust for the benefit of the company,” it said.