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.

Also read: Adani scraps $600 million bond, other notes drop on US charges

“Airtel has been a pioneer in network innovation, consistently pushing the boundaries for delivering cutting-edge connectivity solutions. This strategic partnership with Nokia will future proof our network infrastructure and provide customers with unparalleled user experience along with a network that will be ecofriendly to minimize environmental impact,” said Gopal Vittal, Vice Chairman and MD of Bharti Airtel.

The shares of Bharti Airtel will also remain in focus after the Supreme Court of India has granted the telecom companies a right to claim credit for duties paid on parts such as tower components and green shelters.

Bharti Airtel shares closed 0.76% lower at Rs 1,525.95 on the BSE on Tuesday.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)