Vodafone Idea has signed a massive $3.6 billion deal with global telecom equipment giants Nokia, Ericsson, and Samsung.

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.

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, 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.

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,