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.

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’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.