Market Chatter: Nokia Negotiating With Bharti Airtel Over Possible 5G India Contract; Shares Gain 1%-February 2024-www.financetom.com

Market Chatter: Nokia Negotiating With Bharti Airtel Over Possible 5G India Contract; Shares Gain 1%

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Market Chatter: Nokia Negotiating With Bharti Airtel Over Possible 5G India Contract; Shares Gain 1%

Oct 17, 2024 1:33 PM

09:59 AM EDT, 10/16/2024 (MT Newswires) -- Nokia ( NOK ) is in discussions with Indian telecommunications company Bharti Airtel regarding a possible multi-billion dollar contract to provide 5G telecom equipment, Reuters reported Wednesday citing sources familiar with the matter.

The deal with Airtel would consist of Nokia's ( NOK ) AirScale mobile radios that support the upgrade of existing network to 5G-Advanced and reduces energy costs, Reuters reported.

Nokia ( NOK ) and Bharti Airtel did not immediately respond to requests for comment from MT Newswires.

Shares of the Finnish telecommunications company were up 1% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 4.46, Change: +0.04, Percent Change: +1.02

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