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Nokia wins 'multi-billion' dollar deal in India
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Nokia wins 'multi-billion' dollar deal in India
Nov 20, 2024 7:15 PM

HELSINKI, Nov 20 (Reuters) - Finnish telecom equipment

supplier Nokia on Wednesday said it had won a

"multi-billion" dollar deal with India's Bharti Airtel for

delivery of 4G and 5G equipment.

Sources familiar with the talks told Reuters last month

Nokia and Bharti were nearing a deal worth several billion

dollars to expand Bharti's network in India.

Nokia's Swedish rival Ericsson had already won a deal of

similar size with Bharti earlier in October.

India last year 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's share price rose 3.1% by 0829 GMT.

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