Vodafone Idea Shares Jump 4% After 5G Launch in Mumbai – Check Plans & Market Outlook

Date:

Share post:

Vodafone Idea has finally stepped into the 5G space, launching its services in Mumbai. The telecom giant is offering unlimited 5G access to users with plans starting at just ₹299. To meet the rising demand for high-speed internet, the company is also working on enhancing its network infrastructure to support activities like gaming, streaming, and cloud computing.

Stock Market Reaction

On Wednesday, March 19, Vodafone Idea’s stock surged 4% following the announcement of its 5G rollout in Mumbai. The move comes at a crucial time as the company looks to strengthen its position in the highly competitive telecom market.

5G Expansion Plans

Vodafone Idea has teamed up with Nokia to bring 5G connectivity to Mumbai. The company also plans to expand its 5G services across India in a phased manner, ensuring steady growth in its coverage.

Competition in the 5G Space

While Vodafone Idea is making strides in launching 5G, its rivals, Reliance Jio and Bharti Airtel, have already completed their pan-India rollout. This puts additional pressure on Vodafone Idea to catch up and retain its customer base.

Subscriber Base & Financial Standing

Despite its efforts, Vodafone Idea continues to struggle with subscriber losses. According to recent telecom data, the company lost 1.71 million users in December, bringing its total subscriber base down to 207.25 million. This was a sharper decline compared to the 1.5 million subscribers lost in November.

On the financial front, Vodafone Idea has managed to secure equity worth ₹26,000 crore over the past year. This includes India’s largest Follow-on Public Offer (FPO), which raised ₹18,000 crore, along with a ₹4,000 crore promoter contribution. Looking ahead, the company has allocated a capital expenditure (capex) of ₹50,000 crore to ₹55,000 crore over the next three years.

See also  Jindal Steel & Western Coalfields Secure Coal Mines in 11th Auction

Stock Performance

Currently, Vodafone Idea shares are trading 4.1% higher at ₹7.4. However, the stock remains significantly below its 2024 peak of ₹19 and is also trading under its FPO price of ₹11.

As Vodafone Idea pushes forward with its 5G expansion, investors and subscribers will be closely watching how the company competes with industry leaders and stabilizes its financial position.

Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on Moneyphobia. Also, Watch our channels Moneyphobia, Moneyphobia Tv and Moneyphobia Bajar Live on-the-go!

Nikhil Kumar Jha
Nikhil Kumar Jhahttp://moneyphobia.in
I a finance writer with 2+Year of Exp in financial topics. With BBA in Finance degree, content writer, SEBI-certified investor, and stock market enthusiast.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

Just Dial Q1 Profit Jumps 13% to ₹159.6 Cr, Revenue Grows 6% — Strong Push from AI and Sales Shift

Just Dial had a solid start to FY26. The company reported a 13% jump in net profit, hitting...

Nifty Breaks Below 25,100 — IT Bleeds, Pharma Lifts the Mood

Monday, 14 July 2025 — Markets opened on a shaky note and haven’t found any solid ground since....

Stock Market Opening News – July 14, 2025: Indian Markets Start in Red, Global Cues Remain Weak

It wasn’t the kind of Monday morning traders were hoping for. On July 14, 2025, the Indian stock...

Costa Coffee India FY25: Big Sales Jump, But Margins Feel the Heat

Costa Coffee in India had a busy year. Sales shot up by over 30%, touching nearly ₹198 crore...