Samsung inks $720 million deal with VI as it eyes 5G rollout in India

Samsung inked a massive 4G/5G network equipment deal with India’s VI. The company is set to supply network equipment worth $720 million to India’s third-largest telecom operator, after Jio and Bharti Airtel.

The South Korean tech giant managed to secure a massive order worth approximately 1 trillion won (~ $720 million) by supplying 4G and 5G mobile communication network equipment to VI, India’s third-largest telecom operator.

Samsung is set to sign a contract with Vodafone Idea, along with Ericsson and Nokia. This is a massive deal aimed at supplying 4G and 5G network equipment. The total contract value for the three companies is estimated at $3.6 billion.

Ericsson and Nokia are expected to secure 40% of the total contract value each, while Samsung will take the remaining 20%. In particular, the Korean tech giant could secure approximately $720 million worth of orders.

Samsung joins India’s 5G deployment

The company signed a 5G equipment supply contract with Bharti Airtel in August 2022. In December of the same year, the company signed a 5G RAN equipment supply contract with Reliance Jio, the country’s largest telecom operator.

With this order, Samsung will now supply 5G network equipment to all three major telecom operators in India. The company expressed a cautious stance regarding the expected order amount and progress, stating that “the details have not yet been finalized.”