Nokia in talks with Bharti Airtel for multi-billion dollar 5G contract, sources say
Adds Nokia shares in paragraph 5, Vodafone Idea contract win paragraph 9, Samsung did not respond in paragraph 12
By Supantha Mukherjee
STOCKHOLM, Oct 16 (Reuters) -Finland's Nokia NOKIA.HE is in talks with Bharti Airtel BRTI.NS about securing a multi-billion dollar contract to provide 5G telecom equipment for the Indian mobile operator which is expanding its network, three sources familiar with the matter said.
India is the world's second-largest smartphone market where companies such as Airtel, Reliance's RELI.NS Jio and Vodafone Idea VODA.NS have been spending billions of dollars to upgrade their networks to 5G.
Swedish telecom gear maker Ericsson ERICb.ST already won a multi-billion dollar contract from Bharti Airtel, Reuters reported on Monday.
India last year had helped Nokia and Ericsson offset weakness in demand from U.S. customers. However, the volume of orders from India slowed down significantly after a growth spurt last year.
Nokia, whose shares were up as much as 3% on the contract report, will release third-quarter earnings on Thursday. In the second quarter, Nokia reported an 18% drop in net sales, mainly because of a slowdown in demand in India.
The deal with Airtel would be for Nokia's latest AirScale mobile radios that support upgrading an existing network to 5G-Advanced and reduces energy costs, according to the sources.
Nokia declined to comment. Bharti Airtel did not immediately respond to a request for comment.
One of the sources called the potential Nokia deal a “routine and ongoing arrangement” with network vendor partners.
Nokia last month got part of a $3.6 billion contract from Vodafone Idea that it shared with Ericsson and Samsung.
Alongside Nokia and Ericsson, Airtel is also in talks with Samsung 005930.KS about buying 5G equipment, another source said.
Samsung has been trying to grow its network equipment business, but has so far lagged Nokia and Ericsson. Samsung won its first 5G contract with Airtel in 2022. India has blocked its mobile carriers from using 5G telecom equipment made by China’s Huawei.
Samsung did not immediately respond to a request for comment.
Reporting by Supantha Mukherjee in Stockholm;Editing by Elaine Hardcastle
Aloqador aktivlar
Eng oxirgi yangiliklar
Javobgarlikdan voz kechish: XM Group korxonalari har biri faqat ijro xizmatlarini koʻrsatadi va onlayn savdo platformamizdan foydalanish huquqini beradi, bu odamga veb-saytda yoki veb-sayt orqali mavjud boʻlgan kontentni koʻrish va/yoki undan foydalanishga ruxsat beradi hamda uni oʻzgartirishga moʻljallanmagan va uni oʻzgartirmaydi yoki kengaytirmaydi. Bunday kirish va foydalanish huquqi doimo quyidagilarga boʻysunadi: (i) Shartlar va qoidalar; (ii) Risklar haqida ogohlantirish; va (iii) Javobgarlikni toʻliq rad etish. Shuning uchun bunday kontent umumiy maʼlumot sifatida taqdim etiladi. Xususan, shuni esda tutingki, bizning onlayn savdo platformamiz mazmuni moliyaviy bozorlarda biror bitimni amalga oshirishga oid maslahat yoki taklif emas. Har qanday moliyaviy bozorda savdo qilish sizning kapitalingiz uchun jiddiy risk darajasini oʻz ichiga oladi.
Onlayn savdo platformamizda chop etilgan barcha materiallar faqat taʼlim/axborot maqsadlari uchun moʻljallangan va unda moliyaviy, investitsiya soligʻi yoki savdo maslahatlari va tavsiyalar; yoki bizning savdo narxlarimizning qaydlari; yoki har qanday moliyaviy vositalar bilan bitim tuzish maslahati yoki taklifi; yoki sizga kerak boʻlmagan moliyaviy reklama aksiyalari hisoblanmaydi
Har qanday uchinchi tomon kontenti, shuningdek XM tomonidan tayyorlangan kontent, masalan: fikrlar, yangiliklar, tadqiqotlar, tahlillar, narxlar va boshqa maʼlumotlar yoki bu veb-saytda joylashgan uchinchi tomon saytlariga havolalar umumiy bozor sharhi sifatida "boricha" taqdim etiladi va investitsiya maslahatini tashkil etmaydi. Har qanday kontent investitsiya tadqiqoti sifatida talqin qilinsa, siz bunday kontentni investitsiya tadqiqotlarining mustaqilligini ragʻbatlantirish uchun moʻljallangan qonun talablariga muvofiq moʻljallanmagan va tayyorlanmaganligini eʼtiborga olishingiz va qabul qilishingiz kerak, shuning uchun unga tegishli qonunlar va qoidalarga muvofiq marketing kommunikatsiyasi sifatida qaraladi. Mustaqil boʻlmagan investitsiya tadqiqoti va yuqoridagi maʼlumotlarga oid risk haqida ogohlantirishimizni oʻqib chiqqaningizga va tushunganingizga ishonch hosil qiling, unga bu yerdan kirish mumkin.
