Prose Technologies Nears Deal with Vodafone Idea for Mobile Antennas: Report

Telecom gear maker Prose Technologies is reportedly in advanced discussions with Vodafone Idea (Vi) to finalise a deal for mobile antenna supplies, with shipments expected to commence by the end of this month or early next, according to a PTI report. Vodafone Idea has awarded a Rs 30,000 crore network expansion contract to Nokia, Ericsson, and Samsung to enhance its 4G and 5G infrastructure over the next three years.

• Make Telecom Talk My Trusted Source
• 
• 

Also Read: Vodafone Idea to Launch 5G in 17 Circles by March 2025: Report

Final Stages of Deal with Vodafone Idea

According to the report, Arshad Fakhri, President of Prose Technologies India, highlighted the deal at the recently concluded India Mobile Congress 2024. The deal, which is being finalised product by product, will primarily involve mobile antennas manufactured locally at Prose’s Pune facility.

The company expects the current 4G expansion by all three operators—Reliance Jio, Bharti Airtel, and Vodafone Idea—followed by 5G, to drive its growth in the country.

Growth Projections and Revenue Goals

Fakhri expressed optimism about the company’s growth prospects, projecting a 10-12 percent year-on-year growth over the next three years, with an expected revenue of USD 80 million (Rs 670 crore) in the current financial year.

“We are in the final stages of discussions with Vodafone Idea and we expect to close the deal at the earliest. The shipments have to start by the end of this month or early next month,” the report quoted Fakhri as saying.