Vodafone Idea jumps on revamping national backbone networks with Ciena

Vodafone Idea Ltd. | Telecommunication - Service Provider | Telecom | BSE: 532822 | NSE: IDEA

14 Jan 2022 Evaluate

Vodafone Idea is currently trading at Rs. 12.90, up by 0.10 points or 0.78% from its previous closing of Rs. 12.80 on the BSE.

The scrip opened at Rs. 12.85 and has touched a high and low of Rs. 13.00 and Rs. 12.70 respectively. So far 13486773 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 16.79 on 10-Dec-2021 and a 52 week low of Rs. 4.55 on 05-Aug-2021.

Last one week high and low of the scrip stood at Rs. 15.35 and Rs. 11.50 respectively. The current market cap of the company is Rs. 37068.65 crore.

The promoters holding in the company stood at 72.05%, while Institutions and Non-Institutions held 5.58% and 22.37% respectively.

Vodafone Idea (Vi) is revamping the backbone scalability and service resiliency by deploying industry-leading 5th generation coherent optical solutions from Ciena. As consumers, enterprises, and content players look to embrace smarter digital experiences across India, Vi’s new 300G/400G backbone network increases scale and performance in an energy and cost-efficient manner.

Increasing and changing traffic patterns across India require new levels of capacity, flexibility, resiliency, and programmability. With broader network coverage and faster broadband made possible by Ciena, Vi maximizes fiber capacity and network efficiencies to prepare for 5G.

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.