Nokia Wins 1 Billion Dollars Network Equipment Order From India’s Third Largest Operator

Nokia Wins 1 Billion Dollars Network Equipment : NetEase Technology News, April 28, according to foreign media reports, Nokia said on Tuesday that the company has signed a multi-year cooperation agreement with India’s third-largest telecommunications company Bharti Airtel to provide network equipment and services for the latter.

Nokia Wins 1 Billion Dollars Network Equipment

Nokia CEO Rajeev Suri said in a statement: “India is one of the world ’s largest telecommunications markets, and Nokia ’s ability to provide network equipment and services is crucial, which has helped to solidify our The status of India. Must Read: AMD First-Quarter Revenue of 1.79 Billion US Dollars Increased by 40% Year-on-Year, Net Profit of 162 Million US Dollars

Nokia said that cooperation with Bharti Airtel will also lay the foundation

Nokia Wins 1 Billion Dollars Network Equipment : Nokia said that cooperation with Bharti Airtel will also lay the foundation for the future deployment of 5G in India. They will deploy about 300,000 in India’s nine telecom industry “circles” (ie circle, which is a regional unit divided by the Indian telecommunications regulatory authority for the issuance of licenses). A wireless network unit, but did not disclose any financial details of the transaction. However, industry analysts said the value of such transactions may be around $ 1 billion. Must Read: US Warns India Collecting Google tax May Lead to Retaliation in 2020

Nokia plans to cut 180 jobs in Finland and continue to increase 5G investment

According to Nokia, the transaction includes Nokia ’s Single Radio Access Network Solution, AirScale Radio Access, Baseband and Related Services, and will be completed by 2022. Must Read: AMD First-Quarter Revenue of 1.79 Billion US Dollars Increased by 40% Year-on-Year, Net Profit of 162 Million US Dollars

Nokia Wins 1 Billion Dollars Network Equipment : In February of this year, Nokia had expected that Indian customer demand might weaken and risks might increase further. Earlier, the Indian Supreme Court upheld a ruling that telecommunications companies must pay retrospective authorization and spectrum fees. Must Read: Google Parent Company’s Q1 Net Profit Increased by 3% Year-on-Year to US $ 6.8 billion, after-hours stock price rose 8%

Indian operators Vodafone Idea and Bharti Airtel

Nokia Wins 1 Billion Dollars Network Equipment : The Indian telecommunications sector has been seeking operators to pay 920 billion rupees (about 12.1 billion US dollars) for overdue levies and interest. Indian operators Vodafone Idea and Bharti Airtel have been at the center of this debate. Nokia will announce the first quarter financial report for this year on April 30.

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