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 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.

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 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.

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.

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,