Nokia-Siemens Network ('NSN'), a 50-50 joint venture between
) is on the verge of winning yet another LTE (Long Term
Evolution) contract. As per media reports the telecommunication
arm of Videocon Industries Limited intents to provide the
contract for LTE network roll out in India to NSN.
This could be a second LTE contract for NSN within a couple of
) chose NSN to deploy LTE Network for its Chilean subsidiary.
The proposed 4G network is expected to be built on the TD
(Time Division)-LTE technology, which is the 4G standard followed
in India. TD-LTE technology can transfer data five times faster
than 3G networks and will allow consumers to download HD video
and games at a much faster pace.
If successful this will be the second network contract for NSN
from the telecommunication company as Nokia-Siemens Network
already manages Videocon's 2G network in India. Notably, Videocon
was one of the five companies that won 4G airwaves in the 2010
auction and has won licenses in 6 of the 22 telecom circles in
Bharti Airtel Limited has already launched 4G LT service in
three different cities and is leading the 4G race in India while
Reliance Industries Limited is the only carrier, which has won
pan India Broadband Wireless Access (BWA) spectrum. Reliance is
planning to launch 4G networks in 40 different cities across
India with an investment of around $10 billion.
Smartphone has taken the center stage of the telecom market in
the last couple of years as people tend to use it more as a data
sharing device rather than for the usual voice services. Higher
proliferation of smartphones has induced customers to download
more content via these superfast gadgets.
However, to support the data transfer demand telecom carriers
around the world are ramping up their network from 3G to
superfast LTE services and India is no exception. Most of the
operators who have short listed their preferred vendor are on the
verge of launching their options in different telecom
Although NSN has failed to grab the Tikona Digital Networks
LTE contract and has lost out to
) and ZTE Corp, it has procured the prestigious Bharti Airtel LTE
contract for the Maharashtra circle. We believe this contract win
will consolidate its position in the Indian LTE market, which of
late has been dominated by the Chinese vendors who have won
network infrastructure contracts by providing lower bids.
Currently, Nokia carries a Zacks Rank #2 (Buy).
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