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    IDEA   INE669E01016

VODAFONE IDEA LIMITED

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Delayed NSE India Stock Exchange  -  07:25 2022-07-01 am EDT
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Ericsson - Vi records top download speed of 5.92 Gbps during the ongoing 5G trials in Pune

05/13/2022 | 09:19am EDT

Mumbai - Vodafone Idea (Vi) and Ericsson (NASDAQ: ERIC) announced achieving a technology milestone during the ongoing 5G trials by demonstrating a peak download speed of 5.92 Gbps. The new speed record by Vi, was achieved on a single test device during its 5G trials in Pune, Maharashtra, being conducted on a combination of mid-band and high-band (mmWave) 5G trial spectrum using Ericsson Massive MIMO radios, Ericsson cloud native dual mode 5G core for Standalone architecture and NR-DC (New Radio-Dual Connectivity) software.

With 5G Standalone NR-DC software, Vi can deliver latency-sensitive and high-performing applications such as AR/ VR and 8K video streaming as well as innovative new use cases for consumers and enterprises once it deploys 5G on its commercial network.

Earlier during its 5G trials and use cases' showcase in Pune, Vi had demonstrated speeds of over 4 Gbps. The new speed record of 5.92 Gbps has been achieved using the Govt allocated 5G spectrum for the trials.

Commenting on this achievement, Jagbir Singh, Chief Technology Officer, Vi said, 'The trial demonstrates how Vi is constantly testing and preparing its network for new 5G based applications that will rely on the low latency, reliability and high speeds of 5G. Given the growing consumer demand for immersive media and video streaming services, the 5G speeds that we have demonstrated will help us prepare for the mobile broadband speeds and greater network capacity requirements of customers, as we ready for '5G for a Better Tomorrow' in India.'

Vi's focus on leveraging new technologies and partnerships for a better tomorrow for its users has led the company to showcase a wide range of 5G use cases during the 5G trials in Pune and Gandhinagar, to make enterprises and citizens smarter.

Amarjeet Singh, Vice President and Head of Customer Unit Vi at Ericsson says, 'Achieving this technology milestone of 5.92 Gbps download speed by leveraging Ericsson's 5G Standalone NR-DC software and cloud-native dual-mode 5G Core represents a milestone in India's evolution to 5G Standalone with mmWave. Based on our global 5G deployment across 121 live networks, we are confident we can help our customers like Vi seamlessly evolve their network to 5G.'

5G is expected to account for 39 per cent of all mobile subscriptions in India by 2027 according to Ericsson Mobility Report, November 2021 edition. 5G is on track to become the dominant mobile access technology by subscriptions globally by 2027. By this time, 5G is expected to account for around 50 percent of all mobile subscriptions worldwide - covering 75 percent of the world's population and carrying 62 percent of the global smartphone traffic.

About Vodafone Idea Limited:

Vodafone Idea Limited is an Aditya Birla Group and Vodafone Group partnership. It is India's leading telecom service provider. The Company provides pan India Voice and Data services across 2G, 3G, 4G and has a 5G ready platform. With the large spectrum portfolio to support the growing demand for data and voice, the company is committed to deliver delightful customer experiences and contribute towards creating a truly 'Digital India' by enabling millions of citizens to connect and build a better tomorrow. The Company is developing 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. The Company is listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) in India.

Contact:

Ericsson Newsroom

E: media.relations@ericsson.com

T: +46 10 719 69 92

E: investor.relations@ericsson.com

T: +46 10 719 00 00

ABOUT ERICSSON

Ericsson enables communications service providers to capture the full value of connectivity. The company's portfolio spans Networks, Digital Services, Managed Services, and Emerging Business. It is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson's innovation investments have delivered the benefits of mobility and mobile broadband to billions of people around the world. Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com

(C) 2022 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
ERICSSON 0.25% 76.46 Delayed Quote.-23.38%
VODAFONE IDEA LIMITED 1.19% 8.5 Delayed Quote.-44.63%
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Sales 2022 387 B 4 900 M 4 900 M
Net income 2022 -276 611 M -3 505 M -3 505 M
Net Debt 2022 1 982 B 25 112 M 25 112 M
P/E ratio 2022 -0,92x
Yield 2022 -
Capitalization 273 B 3 460 M 3 460 M
EV / Sales 2022 5,83x
EV / Sales 2023 5,14x
Nbr of Employees 9 173
Free-Float 14,0%
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Akshaya Moondra Chief Financial Officer
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Jagbir Singh Chief Technology Officer
Abhijit Kishore Chief Operating Officer
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