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Equity funding helps Vi clear its entire ₹700 cr statutory dues for Q1

Equity funding helps Vi clear its entire ₹700 cr statutory dues for Q1

Bolstered by the recent equity funding, Vodafone Idea (Vi) has paid its entire statutory dues of about ₹700 crore for the April-June quarter, including the licence fee and spectrum charges, on time to the Department of Telecommunications (DoT), a first for the beleaguered telecom operator in more than two years.

Vodafone and Meta collaborate on European network optimisation

Vodafone and Meta collaborate on European network optimisation

Gaya Nagarajan, VP of Network Engineering at Meta, commented: “Our relationship with Vodafone is a long-term partnership, and collaboration on video optimisation is an opportunity to drive innovation and shape the future of the internet.

Vodafone and Virgin Media O2 extend network sharing

Vodafone and Virgin Media O2 extend network sharing

Ahmed Essam, CEO of European Markets at Vodafone, said: “With this agreement and our merger with Three, we will transform the mobile experience for over 50 million customers in the UK for the long-term, providing significant network improvements including more choice, better quality, and greater coverage across the country.”

Nokia to acquire Infinera and sell submarine network business for €350M

Nokia to acquire Infinera and sell submarine network business for €350M

In a separate announcement, Nokia disclosed its intention to sell Alcatel Submarine Networks (ASN) to the French State for an Enterprise Value of €350 million, while retaining a 20% shareholding initially.