Samsung clinches 1st supply deal with Vodafone Idea

Quick Summary:

Samsung Electronics Co.will supply $720 million worth of mobile network equipment to Vodafone Idea Ltd.in a contract that marked its first supply deal with the third-largest telecom company in India and would shore up Samsung’s underperforming mobile networks division.

Vodafone Idea said in a filing to the National Stock Exchange of India on Sunday that it has signed a total of $3.6 billion contracts with Samsung Electronics, Ericsson and Nokia to purchase 4th and 5th-generation network equipment over the next three years.

SAMSUNG NETWORK BUSINESS IN RESTRUCTURINGVodafone Idea is aggressive in expanding mobile networks to narrow its gap with first and second-largest competitors Jio ad Bharti Airtel in the country.

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Article Details

Category: Economy

Markets: South KoreaIndiaNetherlands

Topics: Networks Mobile Ericsson Vodafone Supply Business Samsung Idea Nokia Billion Network

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-23 @ 19:45:18 (5 days ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 427 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 22653538

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Main Topics: Economy

Official Website: kedglobal.com

Year Established: 1964

Headquarters: South Korea

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