Shrinkflation makes its way back into FMCG
Vodafone Idea on Monday said the company plans to cover 40% of its existing revenue base with 5G within the next 2-2.5 years. Following an Rs 18,000 crore capital raise through a follow-on public offering (FPO), the company aims to roll out the service within six-nine months.
From the FPO proceeds, Vodafone Idea will allocate Rs 5,720 crore for the 5G launch, establishing 22,000 5G sites across 17 priority circles – 10,000 in the current fiscal year and 12,000 in FY26.
“We have been engaged with our vendors for 5G for quite sometime now…Once the funding is in place, we will expedite the ordering (for equipments) as quickly as possible,” Vodafone Idea chief executive officer Akshaya Moondra said.
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