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

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. Sources familiar with the talks told Reuters last month Nokia and Bharti were nearing a deal worth several billion dollars to expand Bharti's network in India.

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.

The agreement is expected to enhance Airtel's 5G capacity while supporting its network transformation efforts and modernise its 4G network