Nokia secures $1billion network equipment order from India’s Bharti Airtel

Helsinki: Nokia said on Tuesday it has won a multi-year deal with India’s third-largest telecom firm Bharti Airtel Ltd to provide equipment and services.

“This is an important agreement for the future of connectivity in one of the world’s largest telecoms markets and solidifies our position in India,” Nokia Chief Executive Officer Rajeev Suri said in a statement.

Nokia said the Indian firm’s rollout, which will also lay the foundation for providing 5G connectivity in the future, will see some 300,000 radio network units deployed across nine circles in India, but did not give any financial details of the deal.

However, industry analysts said this kind of deal could be valued at around $1 billion.