Nokia Wins Multi-Billion 5G Extension Deal From India’s Leading Telecommunication Service Provider For Its India Operations
The stock is up by 60 per cent in just 1 year and gave multibagger returns of 300 per cent in 5 years.
Nokia has been awarded a multi-year, multi-billion extension deal by Bharti Airtel Ltd (Airtel) to deploy 4G and 5G equipment across key Indian cities and states. As per the contract, Nokia will deploy equipment from its cutting-edge 5G AirScale portfolio including base stations, baseband units and the latest generation of Massive MIMO radios, all powered by its energy-efficient ReefShark System-on-Chip 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.
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. Nokia has collaborated with Airtel for over two decades, providing 2G, 3G, 4G, and 5G network equipment. Their partnership has recently reached new heights with the launch of the Green 5G Initiative, aimed at improving the energy efficiency of Airtel's network and reducing carbon emissions, in line with the Company’s ambitious emission reduction targets.
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About Bharti Airtel Limited
Headquartered in India, Airtel is a global communications solutions provider with over 550 million customers in 15 countries across India and Africa. The company also has its presence in Bangladesh and Sri Lanka though its associate entities. The company ranks amongst the top three mobile operators globally and its networks cover over two billion people. Airtel is India’s largest integrated communications solutions provider and the second largest mobile operator in Africa. Airtel’s retail portfolio includes high-speed 4G/5G mobile broadband, Airtel Xstream Fiber that promises speeds up to 1 Gbps with convergence across linear and on-demand entertainment, streaming services spanning music and video, digital payments and financial services. For enterprise customers, Airtel offers a gamut of solutions that includes secure connectivity, cloud and data centre services, cyber security, IoT, Ad Tech and cloud-based communication.
Bharti Airtel Ltd is a Large-Cap company with a market cap of Rs 8.6 lakh crore and has been maintaining a healthy dividend pay-out of 42.8 per cent. The stock is up by 60 per cent in just 1 year and gave multibagger returns of 300 per cent in 5 years. Investors should keep an eye on this telecom stock.
Disclaimer: The article is for informational purposes only and not investment advice.