I am a contributing editor for Forbes Asia based in Jakarta, Indonesia. Before joining Forbes Asia, I worked for Forbes Indonesia for almost a decade. I’ve covered stories about the country’s wealthiest people, fast-growing businesses, and emerging startups. For news tips, you can reach me at [email protected].
, signed a $3.6 billion deal to buy network equipment from Nokia, Ericsson and Samsung as part of a three-year capital expenditure plan that will total $6.6 billion .with the National Stock Exchange, promising an upgrade of the networks and a turnaround for money-losing Vodafone Idea Ltd., or VIL.
The company plans to use the capex to expand its 4G coverage and launch 5G service in key markets. The deal will allow the company to use the latest equipment and lower operating costs thanks to the new equipments’ lower energy use. The new equipment will start arriving in the coming quarter. Vodafone Idea had 210 million total subscribers as of the first quarter, and over 80 million, or 40%, are non-4G users who could potentially upgrade to the 4G or even 5G service.
Kumar Mangalam Birla Vodafone Idea Indian Bharti Airtel
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