Vodafone Idea Share Price Jumps Over 2% After 5G Rollout in 23 Cities

Market Performance

Vodafone Idea share price witnessed an uptick of over 2% in early morning trade on Tuesday following the company's latest 5G rollout announcement.

• Intraday High: ₹7.59 apiece on BSE
• Opening Trade (9:45 AM): ₹7.47 per share, up 0.40%
• Weekly Gain: 10%
• Monthly Gain: 9%
• 6-Month Performance: Down 6%
• 1-Year Decline: 57%
• 5-Year Loss: 26%

Main News: Vi Launches 5G in 23 New Cities

Vodafone Idea has rolled out its 5G network services in 23 new cities as part of the next phase of its nationwide expansion. The towns now covered include:

• Ahmedabad, Agra, Aurangabad, Kozhikode, Cochin
• Dehradun, Indore, Jaipur, Kolkata, Lucknow
• Madurai, Malappuram, Meerut, Nagpur, Nashik
• Pune, Rajkot, Sonepat, Surat, Siliguri
• Trivandrum, Vadodara, Vizag

This expansion covers all 17 priority circles where Vodafone Idea holds 5G spectrum rights. The rollout is being executed in phases according to the company's strategic plan.

Earlier, Vi had launched 5G services in Mumbai, Delhi-NCR, Bengaluru, Chandigarh, and Patna.

Company Details: Enhancing Network Infrastructure

In parallel with its 5G push, Vodafone Idea has also been enhancing its 4G infrastructure nationwide.

Key developments include:

• 4G Expansion on 900 MHz band at 65,000 sites
• 4G Capacity Boost with 56,000 additional sites on 1800 MHz/2100 MHz/TDD bands
• Resulting in:
  • 35% increase in 4G data capacity
  • 26% improvement in 4G data speeds

Moreover, Vi's 4G population coverage has significantly increased:

• From 77% (March 2024) to 84%, a rise of 88 million people

As part of the rollout offer, Vi is providing unlimited 5G data on recharge plans starting from ₹299.

Summary of the Article

The Vodafone Idea share price saw a notable rise after the company announced a significant 5G rollout in 23 new cities, strengthening its presence across priority telecom circles. The strategic expansion is complemented by robust improvements in its 4G network, demonstrating Vodafone Idea's commitment to enhancing connectivity.

With the share price showing positive momentum in the short term and infrastructure expansion continuing, the stock remains in focus due to its evolving telecom services footprint.