Airtel gives 4G, 5G equipment supply deals to Ericsson
Bharti Airtel, India’s second largest telco, has awarded a multi-billion deal to Swedish telecom gear maker Ericsson for extension of 4G and 5G contracts.
“As per the new contract, Ericsson will deploy centralized RAN and Open RAN-ready solutions for network transformation which will help customers with wider coverage and enhanced capacity on the network. Ericsson will also undertake the software upgradation of its current deployed 4G radios thereby enhancing the customer experience,” the companies said in a joint statement Wednesday.
ET had reported last month that the telco had likely finalised renewals worth $1.2 billion (about Rs 10,000 crore) with Ericsson, Nokia and Samsung and placed purchase orders for new 4G and 5G equipment.
”This deployment will enable us to further improve the speed, reliability, and coverage of our network, ensuring an exceptional experience for our customers,” Randeep Sekhon, CTO, Bharti Airtel, said in the statement.
Bharti Airtel shares closed 0.76% lower at Rs 1,525.95 apiece on the BSE on Wednesday.
Bharti Airtel is aiming to strengthen its 4G and 5G networks and also upgrade feature phone users in key circles, amidst competition with market leader Reliance Jio and as Vodafone Idea, backed by recent fund raising, rapidly expands its 4G operations and gets set to launch 5G services by March end.
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