VI Share Price Hike, Vodafone Idea Nokia Ericsson Deal, Vodafone Idea Share Price Hike News: Good news is coming for investors of Vodafone Idea. Let us tell you that the share price of Vodafone Idea increased by more than 8% in early trading on Monday.
The increase was recorded after the company announced the completion of a $3.6 billion (about Rs 29,880 crore) deal with Nokia, Ericsson and Samsung for the supply of network devices over a three-year period.
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Vodafone Idea Nokia Ericsson Deal, Vodafone Idea Share Price Hike
According to information received from media reports, this deal is the first step towards the implementation of the company’s transformative three-year capital expenditure plan of US $ 6.6 billion (Rs 550 billion).
Vodafone Idea said in a stock exchange filing on September 22 that the capital expenditure program is targeted at increasing 4G population coverage from 1.03 billion to 1.2 billion, rolling out 5G in key markets and expanding capacity in line with data growth.