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 were rocketing on Monday morning after the company managed to secure a $3.6 billion (around ₹29,880 crore) deal with three global network partners. What Happened: On Sunday, Vodafone Idea announced that it has finalised the agreement with Nokia,

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 has relied on its existing long-term partners, Nokia and Ericsson for its capacity expansion while also onboarding a new partner in the form of Samsung.

Vodafone Idea share price gained 8.3 per cent intraday, registering the day's high of Rs 11.35 per share, on the BSE on Monday. The buying interest in the telecom company stock came after it finalised a deal worth Rs 30,000 crore with Nokia, Ericsson, and Samsung.

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

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 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.