Vodafone Idea rings loudly on starting upgrading 3G users to 4G in key markets

28 Sep 2020 Evaluate

Vodafone Idea is currently trading at Rs. 10.53, up by 0.17 points or 1.64% from its previous closing of Rs. 10.36 on the BSE.

The scrip opened at Rs. 10.70 and has touched a high and low of Rs. 10.75 and Rs. 10.27 respectively. So far 48255160 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 13.45 on 04-Sep-2020 and a 52 week low of Rs. 2.61 on 15-Nov-2019.

Last one week high and low of the scrip stood at Rs. 11.36 and Rs. 8.55 respectively. The current market cap of the company is Rs. 30229.63 crore.

The promoters holding in the company stood at 72.05%, while Institutions and Non-Institutions held 10.82% and 17.13% respectively.

Vodafone Idea (VIL) has started upgrading its 3G users to 4G in key markets. Further, the company is in the best position to upgrade 2G customers also to 4G, but it will continue with basic voice based services to its 2G subscribers. While the company will continue to offer basic voice services to its 2G users, 3G data users will gradually be upgraded to 4G in a phased manner across all markets. It has started informing its customers in the markets where re-farming is getting completed.

With the highest quantum of spectrum in the country and a large part of it already re-farmed for 4G, the company is now best placed to upgrade 2G and 3G users to high speed 4G data services. As its integration nears completion, it has already expanded its 4G coverage to 1 billion Indian population who can now avail faster data services pan-India.

Vodafone Idea is an Aditya Birla Group and Vodafone Group partnership. It is developing world-class infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future ready with innovative offerings conveniently accessible through an ecosystem of digital channels as well as extensive on-ground presence.

Vodafone Idea Share Price

16.73 0.66 (4.11%)
14-Jun-2024 16:01 View Price Chart
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