Vodafone Idea signs $3.6 Billion deal with Nokia, Ericsson, and Samsung for network equipment supply

NEW DELHI: Vodafone Idea Limited (VIL), India’s third-largest telecom service provider, announced a deal worth $3.6 billion (approximately Rs. 300 billion) with Nokia, Ericsson, and Samsung for network equipment supply over three years.

The company said that the deal initiates VIL’s three-year capital expenditure plan of approximately $6.6 billion (Rs. 550 billion), aiming to expand 4G coverage, launch 5G in key markets.