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Vodafone Idea Taps Nokia as Primary 4G and 5G Network Partner in India!

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Vodafone Idea Limited (VIL) has signed a three-year agreement with Nokia to deploy and modernize its 4G and 5G networks in India. This partnership encompasses network planning, deployment, integration, and optimization, strengthening Nokia’s position as a major supplier for VIL’s infrastructure.

Financial Details and Strategic Importance

While the financial specifics of the deal remain undisclosed, this contract is a significant win for Nokia, especially after losing a key 5G contract with AT&T to Ericsson last year. The agreement between VIL and Nokia is expected to drive connectivity improvements for approximately 200 million Vodafone Idea customers, with immediate deployment planned.

Market Context

This collaboration comes at a crucial time as Vodafone Idea seeks to regain market share in India’s competitive telecom sector. With Reliance Jio and Bharti Airtel leading the market, enhancing their network capabilities is vital for VIL’s financial recovery.

Nokia to Expand Market Share and Replace Vendors

Under the new deal, Nokia will expand its market share and replace incumbent vendors in strategic regions like Chennai and Andhra Pradesh. These areas contribute over 50% of VIL’s revenue, making the deployment critical to the company’s financial recovery and competitive positioning.

Modernizing 4G and Building 5G

Nokia will deploy equipment from its 5G AirScale portfolio, powered by energy-efficient ReefShark System-on-Chip (SoC) technology. This includes advanced base stations, baseband units, and Habrok Massive MIMO radios. Additionally, the 4G network will be upgraded with multiband radios and baseband systems that are 5G-ready.

To enhance network performance, Nokia will deploy its MantaRay Self-Organizing Network (SON) modules, which offer automated configurations to address specific operational challenges and optimize performance.

Vodafone Idea’s Revival Efforts

Since the 2017 merger of Vodafone India and Idea, VIL has struggled to maintain its leadership position, currently ranking third in the market behind Reliance Jio and Airtel. The company posted record losses in 2020, prompting the Indian government to acquire a 38% stake, which has since been reduced to 25%.

In June 2024, VIL announced a plan to issue shares worth ₹24.58 billion (€294.2 million) to network vendors Ericsson and Nokia, aiming to reduce its substantial debt of $42.17 billion.

A Decades-Long Partnership

Nokia has been a longstanding partner of Vodafone Idea, supporting its evolution from 2G to 5G networks. Speaking on the new partnership, Akshaya Moondra, CEO of Vodafone Idea Limited, stated:

“We are committed to providing a best-in-class 4G and 5G experience to our customers, and this new deal with Nokia, who has been our partner since the beginning, will help us achieve that.”

Tommi Uitto, President of Mobile Networks at Nokia, added:

“This is a continuation of our long-term partnership that has lasted for over three decades and highlights Vodafone Idea’s trust in our technology portfolio.”

Conclusion

The partnership between VIL and Nokia signifies a key step in Vodafone Idea’s efforts to regain market competitiveness by enhancing its infrastructure and offering advanced connectivity solutions. As both companies collaborate on this ambitious project, they aim not only to improve service quality but also to foster innovation in India’s rapidly evolving telecom landscape.

With aggressive plans for modernization and expansion, Vodafone Idea is positioning itself for future growth while navigating the challenges posed by an increasingly competitive environment. This strategic alliance with Nokia could play a crucial role in revitalizing VIL’s operations and ensuring it remains relevant in one of the world’s largest telecommunications markets.

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Piyush Anchliya Joins Cashfree Payments as CFO Amid Expansion in India’s Fintech Sector

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Cashfree Payments has appointed Piyush Anchliya as its new Chief Financial Officer (CFO), effective April 15, 2025. Anchliya brings over 15 years of experience in investment banking, corporate finance, strategy, and mergers and acquisitions, with senior roles at Barclays, Bandhan Group, and most recently as CFO of Bandhan AMC. He holds an MBA from IIM Ahmedabad and a B.Tech. from IIT Kharagpur.

In his new role, Anchliya will lead Cashfree’s financial strategy, optimize operations, and support the company’s next growth phase. He will report to CEO and Co-founder Akash Sinha, who highlighted Anchliya’s expertise as vital for sustainable scaling and strengthening the company’s financial foundation. Anchliya succeeds outgoing CFO Vikas Guru, who will assist during the transition.

Founded in 2015, Cashfree Payments processes over $80 billion annually for more than 800,000 businesses. The company recently raised $53 million in funding led by KRAFTON and Apis Growth Fund II and secured key RBI licenses, positioning it for accelerated growth in India’s fintech sector. Anchliya’s appointment comes at a pivotal time as Cashfree aims to expand its leadership in digital payments.

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Flipkart’s Jeyandran Venugopal Likely to Join Reliance Retail as CEO

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Jeyandran Venugopal, the outgoing Chief Product and Technology Officer of Flipkart, is set to become the CEO of Reliance Retail Ventures (RRV), the retail arm of Reliance Industries. His appointment, expected to be finalized in May after his exit from Flipkart, signals Reliance’s push to strengthen its retail business with a technology-first approach.

Venugopal brings extensive experience from leading roles at Flipkart, Myntra, Yahoo, Snapdeal, and Amazon, where he focused on scaling technology platforms and driving innovation. At Flipkart, he managed product, engineering, data science, and more, helping build robust systems and improve user experience.

His move comes as Reliance Retail undergoes transformation, including cost-cutting and a renewed focus on digital growth. Venugopal’s leadership is expected to accelerate Reliance’s ambitions in omnichannel and tech-driven retail, positioning the company for continued dominance in India’s evolving market.

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Delhivery’s Acquisition of Ecom Express: A Major Consolidation in Indian Logistics

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Delhivery, one of India’s leading logistics companies, has announced its acquisition of Ecom Express in an all-cash deal valued at ₹1,407 crore. This strategic move marks one of the largest consolidations in the logistics sector and is expected to enhance Delhivery’s scale, profitability, and operational efficiency.

Background

Ecom Express, founded in 2012 and headquartered in Gurugram, has faced significant financial challenges recently. The company canceled its IPO plans in 2024 and laid off hundreds of employees due to operational setbacks, including losing a major client, Meesho, which shifted to its in-house logistics service Valmo. These struggles led to a distressed sale, with private equity investors like Warburg Pincus and Partners Group exiting their stakes entirely.

Strategic Benefits for Delhivery

  1. Enhanced Scale: The acquisition will strengthen Delhivery’s network reach and infrastructure, enabling better service delivery across India.
  2. Operational Synergies: Combining operations with Ecom Express will improve efficiency and reduce costs through economies of scale.
  3. Competitive Edge: With Ecom Express as a subsidiary, Delhivery solidifies its leadership position in the logistics space by offering broader coverage and faster services.

Challenges Addressed

The acquisition mitigates risks from Ecom Express’ financial struggles while addressing past disputes between the two companies over inflated shipment volumes reported by Ecom Express during IPO filings.

Future Outlook

The deal is expected to close within six months after regulatory approval from the Competition Commission of India (CCI). Post-acquisition, Ecom Express will operate as a subsidiary of Delhivery, unlocking new growth opportunities such as advanced logistics technology integration and expanded customer reach.

With ₹5,488 crore in cash reserves as of September 2024, Delhivery is well-positioned to finance this acquisition without compromising financial stability. This move underscores Delhivery’s commitment to innovation and efficiency in India’s rapidly evolving logistics landscape.

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