Bharti Airtel soars on expanding partnership with Nokia
Bharti Airtel is currently trading at Rs. 1752.45, up by 28.55 points or 1.66% from its previous closing of Rs. 1723.90 on the BSE.
The scrip opened at Rs. 1721.95 and has touched a high and low of Rs. 1760.00 and Rs. 1718.90 respectively. So far 23506 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1778.95 on 26-Sep-2024 and a 52 week low of Rs. 1183.60 on 08-Apr-2024.
Last one week high and low of the scrip stood at Rs. 1765.35 and Rs. 1703.05 respectively. The current market cap of the company is Rs. 1069931.63 crore.
The promoters holding in the company stood at 53.11%, while Institutions and Non-Institutions held 43.86% and 3.02% respectively.
Bharti Airtel and Nokia have expanded their partnership with the deployment of Nokia’s Packet Core appliance-based and Fixed Wireless Access solutions for providing a better network experience for Airtel’s growing 4G/5G customer base. The solution will help seamlessly integrate 5G and 4G technologies into a single set of servers. Nokia’s FWA will provide additional capacities for home broadband and enterprise-critical application services. The company will use Nokia’s automation framework to realise zero-touch service launch and efficient lifecycle management for core network functions to enhance its ability to deliver new services faster while reducing network operational costs.
Using Nokia’s converged Packet Core solution for 5G standalone (SA) readiness, the company will continue its evolution toward advanced 5G and simplify its network architecture to meet the ever-growing need of data while reducing network operational costs. This will help the company optimise its hardware footprint and reduce its cost per bit by utilising appliance-based Packet Core gateways, while maintaining the rest of the network elements in a cloud-native architecture.
The rollout covers network automation in a multi-year deal that spans the majority of the company’s service regions across the country. The collaboration entails advancing autonomous networks by utilising GenAI for service orchestration and assurance.
Bharti Airtel is a leading global telecommunications company with operations in countries across Asia and Africa.
