04:32 AM EDT, 10/14/2025 (MT Newswires) -- Ericsson (ERIC) has entered a five-year deal to modernize Vodafone's ( VOD ) mobile networks in certain markets, the companies said Tuesday.

Financial terms were not disclosed.

Under the deal, Ericsson will serve as Vodafone's ( VOD ) sole radio access network technology vendor in Ireland, Netherlands and Portugal, while being a major vendor in Germany, Romania and Egypt, the companies said.

Vodafone ( VOD ) will deploy Ericsson's advanced 5G hardware and software to improve performance and energy efficiency. Germany will be the first market to deploy the platform, with installation beginning in Q4 2025, the companies said.

Ericsson shares gained nearly 14% in premarket activity.