Ericsson on Wednesday said it would deploy 5G-ready LTE equipment for Vodafone Idea’s network in eight circles across India.
Under the contract, which has been signed for a three-year period, Ericsson would supply radio access and transport equipment from its “5G-ready Ericsson Radio System portfolio, including ‘MINI-LINK’ 6000 microwave backhaul solution”, the company said in a statement.
“Ericsson today announced that it has been selected by Vodafone Idea Ltd to provide and deploy 5G-ready equipment across select markets in India,” it said.
The deployments would provide Vodafone Idea’s network with advanced LTE capabilities, high capacity, low latency microwave backhaul and enable rapid deployment 5G services in future, the company said.
According to the statement, Ericsson India has already begun radio access and microwave network consolidation and modernisation.
Consolidation of existing deployed base (2G and 3G) will be carried out to maximise spectrum on LTE, followed by ongoing optimisation of the network in order to enhance end-user experience, it said.
Vodafone has become the latest big player who have decided to quit Facebook’s controversial Libra cryptocurrency project.
Vodafone joins PayPal, Mastercard, Visa, Mercado Pago, eBay, Stripe and Booking Holdings in withdrawing from the controversial project — and is the first company to exit after the Libra Association was formed in October last year, coindesk reported on Tuesday.
The companies left owing to concerns about heightened regulatory scrutiny.
“We can confirm that Vodafone is no longer a member of the Libra Association. Although the makeup of the Association members may change over time, the design of Libra’s governance and technology ensures the Libra payment system will remain resilient,” the Libra Association said in a statement.
“The Association is continuing the work to achieve a safe, transparent, and consumer-friendly implementation of the Libra payment system.”
Despite top-notch firms pulling out, Facebook and 20 partner organisations formally joined the digital currency Libra project in Geneva in October.
The Libra Association said that more than 1,500 entities have expressed an interest in joining the digital currency project.
Several US senators have opposed Facebook’s digital coin, arguing that the social networking giant has been irresponsible with user data privacy. They have even called the digital cryptocurrency Libra “delusional” and “dangerous”.
Facebook CEO Mark Zuckerberg testified before Congress in October about Libra, defending the idea, but acknowledging the struggles left to overcome.
Libra has failed in its current form, according to the President of Switzerland.
In a media interview, Swiss President and Finance Minister Ueli Maurer stated that Libra does not have a chance of being successful “because the basket of currencies that is deposited in this currency is not accepted by the national (central) banks”.
“The project in this form has actually failed,” Maurer was quoted as saying.
The Libra project, which is still in development, aims for the launch of its first version this year. (IANS)