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

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 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.

The deal aims to revitalise the company and boost its infrastructure, fuelling hope for various stakeholders, including equipment vendors and its subscribers

With excellent timing – considering last week’s downbeat headlines about AGR dues – Indian operator Vodafone Idea has announced the conclusion of what it quite reasonably describes as a US$3.6 billon megadeal with three global network partners.

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 Ltd. has signed a $3.6 billion contract with companies including Nokia Oyj for the supply of equipment to the Indian phone carrier for a planned upgrade of its network.

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,