Bharti Airtel Limited — Updates, 20-11-2024: Press Release

Nokia has secured a multi-year, multi-billion extension deal with Bharti Airtel to deploy advanced 4G and 5G equipment across key Indian cities. This contract includes the latest AirScale portfolio and Massive MIMO radios, aimed at significantly enhancing Airtel’s network capacity and coverage. The agreement also involves modernizing Airtel’s existing 4G infrastructure to support 5G capabilities and integrating Nokia’s AI-driven MantaRay Network Management for intelligent oversight.

Gopal Vittal, Airtel's Vice Chairman and MD, emphasized that this collaboration will future-proof their network infrastructure, offering customers an improved experience while being eco-friendly. Pekka Lundmark, Nokia’s CEO, noted that this partnership strengthens their long-standing relationship and will enhance energy efficiency in Airtel's networks. This strategic alliance, built on over two decades of collaboration, is expected to reinforce Airtel's market position and enhance its operational capabilities in the rapidly evolving telecommunications landscape. Investors should watch closely for the implications of these developments on Airtel's future growth trajectory.