Vodafone Idea informed about the shareholders’ nod to issue preferential shares to Nokia & Ericsson worth ₹2,458 cr & conversion of ₹160 cr worth optionally converted debentures issued to ATC Telecom.
The heads of two telecom operators likely to play a leading role in the 5G roll-out were missing in action—Reliance Jio head Mukesh Ambani and Bharti Airtel chief Sunil Bharti Mittal.
The capabilities of 5G will change our lives and will help us realise the true potential of technologies that we have already designed and will become the basis of innovations.
In some relief to the Anil Ambani-led telco, the appellate tribunal directed the telecom department to let the deal with Reliance Jio proceed without a bank guarantee.