Vodafone-idea to finally roll out 5G services in India, here are the details
By India Today Tech: The wait is finally over for the Vodafone-idea subscribers, as the company is finally gearing up to roll out 5G services in India. Kumar Mangalam Birla, the Chairperson of Aditya Birla Group, confirmed in an interview with CNBC-TV18 that Vodafone-idea is planning to launch its 5G services soon. The announcement comes at a time when Vodafone-idea was losing its subscriber base rapidly. The company has collaborated with Motorola and Xiaomi smartphone companies for its upcoming 5G services. Currently, Vodafone only offers 4G services in India. It is also the only telecom company that has not rolled out 5G services in India. Both Jio and Airtel have already rolled out 5G services for their subscribers.
Even though Birla has confirmed that Vodafone-idea will roll out 5G services in India, he has not shared a specific timeline. “5G rollout will begin soon,” he said.Speaking at the AIMA Awards, Birla stated that the 5G rollout will begin soon, without providing further details. The announcement comes as Vodafone-idea has been steadily losing subscribers to competitors Bharti Airtel and Reliance Jio, who have already launched 5G services in the country. Since April 2021, Vodafone-idea has lost over 42.4 million subscribers, with the 12-month period ending December 2022 alone seeing a subscriber-base erosion of 24.2 million.
In the third quarter that ended on December 31, 2022, Vodafone-idea reported a net loss of Rs 7,990 crore, compared to a net loss of Rs 7,595.5 crore in the September quarter. However, the company’s total revenue for the December quarter stood at Rs 10,620.6 crore, up 0.1 percent from Rs 10,614.6 crore in the September quarter.
Vodafone-idea’s competitors, Bharti Airtel and Reliance Jio, have been quick to capitalize on the 5G opportunity, leaving Vodafone Idea lagging behind. However, the company’s announcement of its plans to launch 5G services soon may help it regain some lost ground.
The Indian government has been pushing for the adoption of 5G technology, with the Department of Telecommunications (DoT) announcing plans to auction 5G spectrum in 2022. The auction is expected to generate significant revenue for the government, with the DoT targeting a reserve price of Rs 492 crore per MHz of spectrum.
— ENDS —