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.

Indian carrier Vodafone Idea (Vi) has signed a $3.6 billion deal with network vendors Nokia, Ericsson, and Samsung. The contract will see the trio of vendors supply Vi with network equipment for the next three years.

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.

Vodafone Idea (Vi) has agreements totalling $3.6 billion with Samsung of South Korea, Ericsson of Sweden, and Nokia of Finland to purchase telecom equipment over a three-year period for the rollout of 5G and 4G networks.

After losing about 40 per cent market value in the past few weeks, the shares of Vodafone Idea recouped over 14 per cent on Monday, September 23. The rally in the debt-ridden telecommunication company's shares came after it signed contracts worth Rs 30,

Vodafone Idea’s share price surged by more than 8% in early trading on Monday after the telecom giant announced a significant $3.6 billion deal with Nokia, Ericsson, and Samsung. This deal is a crucial part of Vodafone Idea’s ambitious three-year capital expenditure (capex) plan.

The deal is the first step towards the rollout of the telco’s three-year capex plan of $6.6 billion (₹55,000 crore)

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.

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.