"Vodafone Idia" expects an agreement of $ 3.6 billion with "Nokia" and "Samsung"

The Indian telecommunications company “Vodafone Idea” has signed a $ 3.6 billion contract with companies, including Nokia, to provide equipment to upgrade its network. According to a statement issued by the Indian stock exchanges, “Nokia”, “Ericsson” and “Samsung Electronics” will provide network equipment for the Indian company during the next three years, with Vodafone Idia upgrading the services of the fourth generation and providing the fifth generation in the main areas. This agreement represents the first step in the Capital Outdoor Plan drawn up by the company, which according to the statement is $ 6.6 billion, according to the statement. ‘Ericsson’ and ‘Nokia’ are currently suppliers of the Indian Telecom Company, while ‘Samsung’ has been added as a new partner. “Vodafone Idia”, which raised $ 2.2 billion in April by selling shares, will finance the contract with this money. According to the statement, advanced talks at lenders take place to ensure 350 billion rupees ($ 4.2 billion) loans and bank guarantees. Providing equipment begins in the next term.