Airtel signs ₹7,636 crore deal with Nokia to get ready for 5G era
The high demand and growing usage of internet has made Bharti Airtel to adopt the strategy of signing a deal with Nokia for the 5G era and helping India to further digitize. Bharti Airtel is the leading telecommunications company with their business expanding in 18 countries. Nokia Corporation is the innovative global leader in 5G and is mainly into the business of telecommunications, consumer electronics, etc.
Why Airtel signed a deal with Nokia?
Bharti Airtel and Nokia Corporation are coming together to enhance the capacity of 4G network. This will help to prepare for the 5G era. For this, Airtel has signed a $1 billion deal (Rs 7,636 crore) with Nokia Corporation. It is done to meet the increasing demand for high speed data. It will also show the growing consumption of people for broadband. Bharti Airtel’s CTO Randeep Sekhon said to media that there is a need for up-gradation of the transport network to cater the increasing demand of mobile broadband services.
Nokia said to media that this solution can enhance the performance of the existing network of Airtel. It will also help to be ready to cater the future demands. The multi-year agreement is to arrange Nokia’s SRAN solution in India. It will help Airtel in increasing the performance of their existing network in 4G. It will also act as a base for 5G connectivity in India.
Benefits of the deal:
By using 5G technology, customers can easily and quickly download heavy contents such as movies and games within a few seconds. The usage of wireless technologies will be increased by 5G. It will act as a backbone for all emerging technologies across all sectors of the economy. According to the report of the panel appointed by the government, by the year 2035, 5G is estimated to create a positive cumulative impact of $1 trillion in India.
How this deal will help Airtel and Nokia?
Bharti Airtel’s Managing Director and Chief Executive Officer, Gopal Vittal said the organization always strives to provide best possible services and world class experiences to their customers. From a long time, they have been working with Nokia and will be elated to use Nokia’s products and services further. Nokia’s President and Chief Executive Officer, Rajeev Suri explained the importance of this agreement and how it will help the Airtel customers in India and also in the growth of the economy.
Nokia’s SRAN solution will bring the 2G, 3G and 4G networks under one single platform. It will help in lowering the cost, increasing efficiency and decreasing the network intricacy. The Nokia Corporation will also play an essential role in the installation and maintenance of this project in India.
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