Nokia wins 'multi-billion' dollar deal in India
Nov 20, 2024

HELSINKI (Reuters) - Finnish telecom equipment supplier Nokia (HE: NOKIA ) on Wednesday said it had won a "multi-billion" dollar deal with India's Bharti Airtel (NS: BRTI ) 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 (BS: ERICAs ) had already won a deal of similar size with Bharti earlier in October.

Nokia wins 'multi-billion' dollar deal in India

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.