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<keyword id="19899016" type="General" weightage="100" keywordseo="Vodafone-Idea" source="keywords" meta.keywordsubtype="org" meta.entityname="Vodafone Idea" meta.hostid="261" meta.entityid="Vodafone Idea">Vodafone Idea</keyword> has secured contracts worth Rs 30,000 crore with <keyword id="19941076" type="General" weightage="20" keywordseo="Nokia" source="keywords" meta.keywordsubtype="org" meta.entityname="Nokia" meta.hostid="261" meta.entityid="Nokia">Nokia</keyword>, <keyword id="19962937" type="General" weightage="20" keywordseo="Ericsson" source="keywords" meta.keywordsubtype="org" meta.entityname="Ericsson" meta.hostid="261" meta.entityid="Ericsson">Ericsson</keyword>, and <keyword id="19897758" type="General" weightage="20" keywordseo="Samsung" source="keywords" meta.keywordsubtype="org" meta.entityname="Samsung" meta.hostid="261" meta.entityid="Samsung">Samsung</keyword>, a PTI report revealed. These contracts, which span a period of three years, are a crucial part of the company's Rs 55,000 crore capital expenditure (capex) plan. The investment will focus on expanding 4G coverage, launching 5G services, and meeting the growing demand for data in India. The debt-laden telecom operator announced the deal as it strives to regain market share in an increasingly competitive industry. Vodafone Idea has faced financial difficulties since its merger in 2018 between Vodafone Group's Indian arm and Aditya Birla Group's Idea Cellular. Since then, the company has struggled to compete with larger rivals such as <keyword id="19951944" type="General" weightage="20" keywordseo="Bharti-Airtel" source="keywords" meta.keywordsubtype="org" meta.entityname="Bharti Airtel" meta.hostid="261" meta.entityid="Bharti Airtel">Bharti Airtel</keyword> and Reliance Jio, both of which have made significant inroads into India’s telecom market. The Rs 30,000 crore deal with Nokia, Ericsson, and Samsung is expected to provide Vodafone Idea with the necessary equipment to expand its 4G coverage from 1.03 billion to 1.2 billion people, as well as initiate the rollout of 5G services in key markets. The company confirmed that supplies under the new contract would begin arriving in the next quarter. In a statement, Vodafone Idea said that its primary goal is to enhance 4G connectivity across India while simultaneously preparing to introduce 5G technology. ""Vodafone Idea has concluded a mega, about USD 3.6 billion (around Rs 300 billion), deal with Nokia, Ericsson and Samsung for supply of network equipment over a period of three years. The capex programme is directed towards expanding the 4G population coverage from 1.03 billion to 1.2 billion, launching 5G in key markets and capacity expansion in line with data growth," the company said in a statement. Akshaya Moondra, CEO of Vodafone Idea, said as per a Livemint report, “"We have kickstarted the investment cycle. We are on our journey of VIL 2.0 and from hereon, VIL will stage a smart turnaround to effectively participate in the industry growth opportunities. Nokia and Ericsson have been our partners since our inception and this marks another milestone in that continuing partnership. We are pleased to start our new partnership with Samsung. We look forward to work closely with all our partners as we move into the 5G era." (With Reuters and PTI inputs)

Vodafone Idea seals Rs 30,000 crore deal with Nokia, Ericsson, and Samsung for 4G and 5G expansion

United States Special Presidential Envoy for Climate John Kerry is slated to arrive on a five-day visit to India beginning Tuesday, days after returning from China. During his visit Kerry will visit Chennai and Delhi, the US State Department said. In India, Kerry will attend the G20 Environment and Climate Sustainability Ministers (ECSM) Meeting in Chennai to be held on July 28, the US Department of State said in a statement. In Delhi, Kerry will meet with senior government officials to advance shared objectives on renewable and clean energy, and climate, the statement read. "Special Presidential Envoy for Climate John Kerry will travel to New Delhi and Chennai, India, July 25-29, to advance shared objectives on climate and clean energy, including mutual efforts to build a platform for investments in renewable energy and storage solutions, support the deployment of zero-emission buses, and diversify clean energy supply chains," the US State Department said. The third Environment and Climate Sustainability Working Group (ECSWG) meeting was also under India's G20 Presidency on May 21. The three-day meeting witnessed the participation of 141 delegates from G20 countries and 10 invitee countries. The representatives of 14 international and regional organisations also attended deliberations.. The three priories outlined for the ECSWG were arresting land degradation, promoting a circular economy and giving impetus to the blue economy. All meetings focused on a specific theme out of these three themes. The third ECSWG focussed on Blue Economy and was supported by two side events - Mega Beach Clean Up Event and the Ocean 20 Dialogue on Day 1 of the meeting. The primary agenda of the 3rd ECSWG meeting was the detailed discussions on the draft Ministerial Communique which entailed constructive discussions and deliberations on priority areas. The meeting ended in a discussion mode on the Communique, to be further deliberated upon and refined in the virtual meetings scheduled over the next few weeks, as a run-up to the 4th and final ECSWG meeting to be held in Chennai from July 26- 27. The fourth and final ECSWG meeting would be followed by the ECSM meeting on July 28, which John Kerry would attend. Previously, emphasising on India's climate commitments, Prime Minister Narendra Modi said that the country has shown leadership in climate action and achieved its non-fossil installed electric capacity target nine years in advance. In a video message to the G20 Energy Ministerial Meeting in Goa on Saturday, the Prime Minister said India now plans to achieve 50% non-fossil installed capacity by the year 2030. "No talk about the future, sustainability or growth and development can be complete without energy. It impacts development at all levels, from individuals to nations," the Prime Minister said at the meeting that brought together ministers from the countries in the G20 grouping. He pointed out that India is among the global leaders in solar and wind power and is making great efforts in green growth and energy transition. Earlier, US climate envoy John Kerry ended his four-day visit to China on July 19 without any new agreements. In fact, the Chinese president, Xi Jinping, insisted in a speech that China would pursue its goals to phase out carbon dioxide pollution at its own pace and in its own way. Still, Kerry appeared buoyed that the world's two biggest polluters had restarted discussions, which had been frozen for a year because of strained relations over Taiwan, trade and other issues. He insisted he was not disappointed in the outcome, noting that just talking marked progress, according to the Washington Post. "We had very frank conversations but we came here to break new ground," Kerry said, adding, "It is clear that we are going to need a little more work."

After China, US climate envoy John Kerry on 5-day India visit to advance shared objectives on climate and clean energy

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Vodafone Idea seals Rs 30,000 crore deal with Nokia, Ericsson, and Samsung for 4G and 5G expansion

BI India Bureau

After China, US climate envoy John Kerry on 5-day India visit to advance shared objectives on climate and clean energy

ANI

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