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.

This week, Vodafone Idea has concluded a $3.6 billion telecoms equipment deal with Ericsson, Nokia, and Samsung.

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.

Vodafone Idea's shares rose 8.3% after announcing $3.6 billion deals with Nokia, Ericsson, and Samsung for telecom equipment over three years. This marks the first step in their Rs 55,000 crore capex plan to expand 4G coverage and launch 5G in key markets.

Vodafone Idea share price surged after a steep 20% decline last Thursday on the back of a Supreme Court verdict regarding adjusted gross revenues.

Vodafone Idea will spend $3.6 billion (about ₹ 30,000 crore) on network equipment over next three years, the contracts for which have been given out to Nokia, Ericsson and Samsung, India’s No 3 carrier said on Sunday.

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,