India among top 3 nations with highest 5G base, roll-out remarkable: Nokia CEO Pekka Lundmark
5G network roll-out in India has been remarkable and the country is among the top three nations with the largest 5G installed base in the world, a top Nokia official said.
Nokia President and CEO Pekka Lundmark was addressing an event during the inauguration of the company's 6G research lab in Bengaluru on Thursday.
«5G roll-out in India is truly remarkable. This has been one of the fastest telecom network roll-outs ever and means India is now among the top three countries in the world that have the largest 5G installed base, with 5G download speeds beating those found in many advanced markets,» Lundmark said.
While there has been a decline in telecom gear shipment across major geographies, the 5G roll-out in India has been able to offset a dip in the business of Ericsson and Nokia.
Nokia posted 333 per cent growth in India sales at about Rs 9,500 crore in the June quarter of 2023.
Ericsson reported 74 per cent growth in net sales in the June 2023 quarter in «South East Asia, Oceania and India» to around Rs 10,700 crore of which around 90 per cent of its business comes from India.
Reliance Jio and Bharti Airtel are expected to invest about Rs 75,000 crore in the current financial year to strengthen their networks, according to a report by JM Financial.
According to the report, Jio may invest around Rs 42,000 crore and Bharti Airtel around Rs 33,000 crore in FY24, but the investment will taper down after their 5G network roll-out target is met as per their announcement.
«We are satisfied with this work so far — but there is still more to do.
