T-Mobile US Inc. said it doesn’t plan to stop purchasing network gear from Nokia Oyj, refuting an analyst’s prediction that telecom giant would switch suppliers.

U.S.-listed shares of Nokia jumped around 5% in extended trading on Tuesday after T-Mobile said it has no plans to stop working with the Finnish company in a response to an analyst report claiming such a possibility.

Shares of Nokia Corp ADR (NYSE:NOK) listed in the US rose more than 3% in premarket trading Wednesday following a statement from T-Mobile US Inc (NASDAQ:TMUS) refuting an analyst’s claim that it might drop the

Nokia Corporation (NYSE:NOK) shares are trading higher premarket on Wednesday. The company secured a multi-year, multi-billion USD contract extension with Bharti Airtel to deploy advanced 4G and 5G equipment across key regions in India.

Finnish telecom equipment supplier Nokia on Wednesday said it had won a "multi-billion" dollar deal with India's Bharti Airtel for delivery of 4G and 5G equipment.