Vodafone Idea has allocated contracts worth about Rs 30,000 crore to Nokia, Ericsson, and Samsung for 4G and 5G network equipment over the next three years. This marks the beginning of their three-year capital expenditure plan worth around USD 6.

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.

Vodafone Idea has finalized a $3.6 billion or ₹30,000 crore deal with Nokia, Ericsson, and Samsung for network equipment as part of a $6.6 billion capex plan, the company informed the exchanges today.

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.

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