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Nokia Siemens wins $900 mln Bharti Airtel deal

Nokia Siemens wins $900 mln Bharti Airtel deal
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First Published: Tue, Jul 03 2007. 03 49 PM IST
Updated: Tue, Jul 03 2007. 03 49 PM IST
By Reuters
Helsinki: Nokia Siemens Networks (NSN) said on 3 July it had signed a memorandum of understanding for a telecoms network expansion deal worth $900 million (Rs3,650 crore) with India’s Bharti Airtel. The deal covers Airtel’s mobile, fixed and intelligent network platforms, NSN said.
NSN is to expand Airtel’s networks over two years and its international calling card prepaid service over three years, it said in a statement. The next generation network deal covers 1.8 million fixed subscriber lines, it said.
The contract includes network planning, implementation and project management, logistics, materials and system integration for the base station sites, NSN said.
Bharti Airtel has about 43 million customers. The expansion will enable Airtel to rapidly expand to rural India and increase its overall network capacity, NSN said.
Shares in Nokia were 1.5% higher at 21.24 euros, while Siemens was up 1.9% at 108.47 euros. The Finnish-based NSN is a 50/50 joint venture between Nokia and Germany’s Siemens, which started operations in April and had pro-forma sales of 17.1 billion euros last year.
It is the world’s fourth largest telecommunications infrastructure provider, behind Cisco Systems, Alcatel Lucent and Sweden’s Ericsson. It ranks second to Ericsson in mobile infrastructure sales.
On 2 July, Nokia Siemens Networks said it planned to spend $100 million in India in the next three years expanding its local operations in the country.
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First Published: Tue, Jul 03 2007. 03 49 PM IST