Finland’s Nokia is in talks with Bharti Airtel About Securing a Mulati-Billion Dollar Contract to Provide 5G Telecom Equipment for the Indian Mobile Operator which is expected Familiar with the matter said.
Swedish Telecom Gear Maker Ericsson Alredy Won a Multi-Billion Dollar Contract from Bharti airtelReuters reported on Monday.
India is the world’s second-largest Smartphone Market where companies such as Airtel, Reliance’s jio and Vodafone idea Have been spending bills of dollars to upgrade their networks to 5G,
Their orders last year had Helped Nokia and Ericsson Offset Weakness in Demand from Us Customers. However, the volume of orders from India has slowed down significantly after a growth spurt last year.
The deal with airtel would be for Nokia’s’s Latest Airacle Mobile radios that support upgrading an existing network to 5g-edvanced and reduces energy costs, according to the sources.
Nokia declined to comment. Bharti Airtel Did Not Immedited to a request for comment.
One of the sources called the potential nokia deal a “routine and ongoing arrangement” With Network vendor partners.
Nokia will report its third -Quarter earnings on Thursday. In the second Quarter, Nokia Reported an 18 percent drop in net sales, mainly because of Slowdown in Demand in India.
AlongSide Nokia and EricssonAirtel is also in talks with samsung about buying 5g equipment, another source said.
Samsung has been trying to grow itwork equipment business, but has so far lagged nokia and ericsson. Samsung Won its first 5G contrast with Airtel in 2022. India has blocked its mobile carriers from using 5G telecom equipment made by China’s Huawei,
© Thomson Reuters 2024
(This story has not been edited by ndtv staff and is auto-generated from a syndicated feed.)
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