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MarketScreener Homepage  >  Equities  >  MUMBAI STOCK EXCHANGE  >  Bharti Airtel Limited    532454   INE397D01024

BHARTI AIRTEL LIMITED

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Bharti Airtel : Airtel extends contract with Ericsson for deployment of 5G-ready radio network

10/08/2020 | 05:47am EST

Multi-year deal to deploy Ericsson radio access network (RAN) and transport solutions in Airtel network in India.

5G-ready Ericsson Radio System products manufactured in India will continue to benefit Indian users

Bharti Airtel (Airtel), India's largest integrated communications service provider and Ericsson (NASDAQ: ERIC) have strengthened their long-standing partnership with a renewed multi-year contract to supply and deploy 5G-ready radio and transport solutions from Ericsson.

The continued deployment of Ericsson Radio System products and solutions will enhance Airtel's network capacity and deliver a superior experience to its customers. By using MINI-LINK 6000 products, Airtel will also increase the network's backhaul capacities.

The extended agreement is another milestone in the companies' 25-year partnership and follows the announcement of a renewed Pan-India managed services contract in July of this year.

Randeep Sekhon, CTO, Bharti Airtel, says: 'At Airtel, we are obsessed with delivering the best network experience to our customers, especially in these unprecedented times when digital connectivity is more important than ever. We are delighted to deepen our partnership with Ericsson as part of our endeavor to build a network ready for 5G and beyond.'

Nunzio Mirtillo, Head of Ericsson South East Asia, Oceania and India, says: 'We appreciate the trust Airtel has shown in us by making their network 5G-ready and expanding our footprint in their network. The products manufactured in India will continue to benefit Indian users by enhancing Airtel's network capacity and enabling it to cater to the country's fast-growing data traffic needs.'

Ericsson was the first telecom equipment provider to start manufacturing in India in 1994. Today, the company manufactures 4G and 5G radios as well as microwave products at its Pune production facility. This facility is part of Ericsson's global production network with presence on six continents, allowing Ericsson to secure fast and agile deliveries to meet customer requirements.

As per the June 2020 edition of Ericsson Mobility Report, India remains the region with the highest usage per smartphone per month. Total traffic is projected to triple, reaching 21EB per month in 2025. In the India region, the average monthly mobile data usage per smartphone continues to show robust growth, boosted by the rapid adoption of 4G.

LTE remains the dominant technology, accounting for 49 percent of mobile subscriptions in 2019. LTE will continue to be dominant, representing 64 percent of mobile subscriptions in 2025. LTE subscriptions in the India region are forecast to increase from 550 million in 2019 to 820 million in 2025, increasing at a compound annual growth rate (CAGR) of 7 percent.

Learn more about Ericsson Radio System

Learn more about Ericsson MINI-LINK portfolio

NOTES TO EDITORS:

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MORE INFORMATION AT:

Ericsson Newsroom

media.relations@ericsson.com (+46 10 719 69 92)

investor.relations@ericsson.com (+46 10 719 00 00)

ABOUT ERICSSON:

Ericsson enables communications service providers to capture the full value of connectivity. The company's portfolio spans Networks, Digital Services, Managed Services, and Emerging Business. It is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson's innovation investments have delivered the benefits of mobility and mobile broadband to billions of people around the world. Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com

ABOUT AIRTEL:

Headquartered in India, Airtel is a global telecommunications company with operations in 18 countries across South Asia and Africa. The company ranks amongst the top three mobile operators globally and its mobile network covers a population of over two billion people. Airtel is India's largest integrated telecom provider and the second largest mobile operator in Africa. At the end of June 2020, Airtel had approx. 420 mn customers across its operations.

Airtel's portfolio includes high speed 4G/4.5G mobile broadband, Airtel Xstream Fiber that promises speeds up to 1Gbps, converged digital TV solutions through the Airtel Xstream 4K Hybrid Box, digital payments through Airtel Payments Bank as well as an integrated suite of services across connectivity, collaboration, cloud and security that serves over one million businesses.

Airtel's OTT services include Airtel Thanks app for self-care, Airtel Xstream app for video, Wynk Music for entertainment and Airtel BlueJeans for video conferencing. In addition, Airtel has forged strategic partnerships with hundreds of companies across the world to enable the Airtel platform to deliver an array of consumer and enterprise services.

(C) 2020 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
BHARTI AIRTEL LIMITED 0.94% 468.3 End-of-day quote.2.74%
ERICSSON AB 1.73% 106.15 Delayed Quote.30.15%
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Financials
Sales 2021 1 024 B 13 849 M 13 849 M
Net income 2021 -141 106 M -1 908 M -1 908 M
Net Debt 2021 1 313 B 17 748 M 17 748 M
P/E ratio 2021 -18,7x
Yield 2021 0,39%
Capitalization 2 527 B 34 127 M 34 164 M
EV / Sales 2021 3,75x
EV / Sales 2022 3,29x
Nbr of Employees 19 138
Free-Float 43,7%
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Bharti Airtel Limited Technical Analysis Chart | 532454 | INE397D01024 | MarketScreener
Technical analysis trends BHARTI AIRTEL LIMITED
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TrendsBullishBearishBearish
Income Statement Evolution
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Mean consensus BUY
Number of Analysts 30
Average target price 666,83 INR
Last Close Price 463,30 INR
Spread / Highest target 94,3%
Spread / Average Target 43,9%
Spread / Lowest Target 15,5%
EPS Revisions
Managers
NameTitle
Gopal Vittal CEO, Managing Director & Executive Director
Sunil Bharti Mittal Chairman
Ajai Puri Chief Operating Officer-India & South Asia Region
Badal Bagri Co-Chief Financial Officer
Nakul Sehgal Co-Chief Financial Officer
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