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.

The new equipment will also lead to efficiency gains in energy and thus lower operating costs, the release said. The supplies against these new long-term awards will start in the coming quarter. The t

The company has continued with its existing long-term partners, Nokia and Ericsson, and has onboarded Samsung as a new partner.

Vodafone Idea has concluded a mega $3.6 billion deal with Nokia, Ericsson and Samsung, for the supply of network equipment over three years

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.

Debt-ridden Vodafone Idea on Sunday said it has awarded contracts worth about Rs 30,000 crore to Nokia, Ericsson and Samsung for supply of 4G and 5G network equipment for three years. The deal is the first step towards the roll-out of the company's three-year capex (capital expenditure) plan of about  $6.

In a significant development, Vodafone Idea Limited has finalised a $3.6 billion (around ₹29,880 crore) deal with three global network partners, marking a crucial stride in its capital expenditure plan.