Vodafone Idea (VIL) shares surged 7.5% today, opening at ₹11.27 compared to the previous close of ₹10.47. The jump comes after VIL announced a $3.6 billion (₹300 billion) deal with global telecom partners Nokia, Ericsson, and Samsung to upgrade its network over the next three years. This deal marks VIL’s largest capex investment to date and is part of the company’s broader $6.6 billion (₹550 billion) capital expenditure plan aimed at expanding 4G coverage and launching 5G services in key markets.
The partnership strengthens Vodafone Idea’s long-standing relationships with Nokia and Ericsson while introducing Samsung as a new supplier. The upgraded equipment is expected to enhance network capacity, improve customer experience, and increase energy efficiency. The positive news has boosted investor sentiment, driving the stock higher as the company continues to enhance its infrastructure to better compete in the fast-evolving Indian telecom sector.
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