Bharti Airtel shares in focus as co awards multi-billion extension deal to Nokia
Shares of Bharti Airtel are likely to remain in focus today as the company has awarded a multi-year, multi-billion deal to the Finnish telecom gear supplier Nokia to deploy 4G and 5G equipment across key Indian cities and states.
“Nokia has been awarded a multi-year, multi-billion extension deal by Bharti Airtel (‘Airtel’) to deploy 4G and 5G equipment across key Indian cities and states,” said the company filing to the exchanges.
Nokia will provide advanced 5G AirScale equipment, including base stations, baseband units, and energy-efficient Massive MIMO radios powered by ReefShark technology.
“These solutions will enhance Airtel’s network with exceptional 5G capacity and coverage and support its network evolution. Furthermore, Nokia will modernize Airtel's existing 4G network with multiband radios and baseband equipment, which can also support 5G,” the filing further stated.
Airtel will also be leveraging Nokia's MantaRay Network Management for intelligent network monitoring and management that uses AI-based tools covering digital deployment, optimization and technical support.
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