Vodafone Idea is gearing up for a new era of growth and innovation. In a letter to customers, the CEO emphasized upcoming investments in both 4G and 5G services to enhance service quality. Grateful for customer support, the CEO highlighted the success of the recent Rs 18,000-crore follow-on public offer, showcasing investor confidence.
Over the past year, the telco has taken steps to improve services, including digital asset optimization and new offerings like Connected TV and Cloud gaming services within the Vi App. It’s been recognized for voice quality by TRAI and fast data speeds by independent agencies.
The management sees the FPO as crucial for a turnaround, with funds aimed at upgrading the network and addressing subscriber losses. The focus remains on 4G expansion, with plans to transition more subscribers from 2G to 4G and be 5G-ready by FY26.
While engaging with 5G gear vendors, funding for capex will determine order placements. A significant portion of the FPO proceeds will go towards expanding network infrastructure, setting up new 4G and 5G sites, signaling a strategic investment in future technology.