Shares of debt-ridden Vodafone Idea surged by more than 11% on Monday, following the announcement of a major deal to secure telecom equipment for its upcoming 4G and 5G network expansion. The telecom operator inked agreements worth $3.

New Delhi: Vodafone Idea Limited has secured a deal worth $3.6 billion (Rs. 300 billion) with Nokia, Ericsson, and Samsung for the supply of network equipment over the next three years. This agreement marks the first step in the company's three-year capital expenditure plan of USD 6.6 billion (Rs. 550 billion), according to its official filing.

Vodafone Idea signed contracts totaling around Rs 30,000 crore with Nokia, Ericsson, and Samsung to supply 4G and 5G network equipment for three years. This deal marks the first phase of the company's USD 6.

India's Vodafone Idea on Sunday concluded a $3.6 billion deal with mobile and network manufacturers Nokia, Ericsson and Samsung for supply of equipment over a period of three years, it said in a statement to exchanges.

Vodafone Idea, the Indian cellular operator controlled by billionaire Kumar Mangalam Birla, signed a $3.6 billion deal to buy network equipment from Nokia, Ericsson

Shares of Vodafone Idea surged by 14 per cent after the company announced a landmark contract worth approximately Rs 30,000 crore ($3.6 billion) with industry leaders Nokia, Ericsson, and Samsung. This deal will supply essential 4G and 5G network equipment over a three-year period,

Vodafone Idea has awarded contracts worth Rs 30,000 crore to Nokia, Ericsson, and Samsung for sourcing 4G and 5G network equipment over the next three years. Details inside.