Vodafone Idea’s (Vi) 5G service launch will be determined by factors such as use cases, customer demand, competition, and others, said Managing Director and CEO Ravinder Takker at the company’s 27th Annual General Meeting (AGM) on Monday. Takker revealed that Vi has already received an Rs. 4,940 crore investment and is actively seeking additional funding from investors. Vi recently bid to acquire 5G spectrum airwaves in India, which reportedly added an Rs. 1,680 crores annual installment liability to the company.
According to the Press Trust of India, Vi has proposed naming its chief financial officer Akshaya Moondra as CEO and promoting Takker to non-executive director.
During India’s 5G spectrum auction, the telecom company purchased 5G spectrum worth Rs. 18,800 crores. There are 17 priority circles for the 3.3GHz band and 16 circles for the 26GHz band.
Takker stated at the AGM meeting on Monday that “5G roll-out will depend on various factors such as how use cases evolve, customer demand, capacity requirements, and competitive dynamics.” The 5G bid, however, is said to have added an annual installment liability of Rs. 1,680 crores to the company.
In addition, Takker claimed that the current mobile services rates being offered by Vi are not sustainable and it needs to raise the tariffs further.
 5G service launch will be determined by factors such as use cases, customer demand, competition, and others.){kind=link}