Vodafone Idea shares see sharp surge on four key growth strategies, ₹55,000 crore capex – CNBC TV18

Telecom service provider Vodafone Idea Ltd. has laid out four key strategies for growth going forward in its investor presentation on Friday, December 13.

Focused network investments to drive coverage and capacity expansion, market initiatives to drive better Average Revenue Per User (ARPU) and customer retention, Focus on business services through telco-to-techco transformation and strategic collaborations to monetise digital opportunities are the four strategies laid out by Vodafone Idea.

Vodafone Idea looks to focus its investments in 17 circles to improve competitiveness in priority markets. It also plans 4G coverage and capacity expansion to enhance customer experience and the 5G rollout.

These 17 priority circles account for nearly 98% of Vodafone Idea’s revenue and nearly 92% of the overall industry revenue.

With the ₹55,000 crore capex plan over the next three years, Vodafone Idea plans to:

In response, shares of Vodafone Idea have recovered 5% from the day’s low, currently trading 2.5% higher, back above the mark of ₹8 at ₹8.06.