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India is a key market for Swedish telecom gear maker Ericsson and the firm plans to expand its research and development (R&D) base in the country, a company executive said on Wednesday. Andres Vicente, Head of Southeast Asia, Oceania and India, Ericsson, speaking on the sidelines of India Mobile Congress 2024, said the company is stepping up the work on AI, Gen AI and Network APIs (Application Programming Interfaces) at its R&D centres in India. "India is one of the key markets for Ericsson across the world and we feel really proud of what we have achieved so far. We have been manufacturing in India since 1994," he said. The combination of high-performance, programmable networks and network APIs, along with a strong community of developers, will lead to significant growth and innovation. This presents a major opportunity for India, given its active developer and startup scene, he said. "We're going to invest more in research and development around 6G, network APIs and ...
Swedish telecom gear maker Ericsson has bagged four more telecom circles from Vodafone Idea for the deployment of 4G and 5G technology, the company said on Monday. Last month, debt-ridden Vodafone Idea (VIL) had awarded about Rs 30,000 crore telecom network contract to Ericsson, Nokia and Samsung for a period of three years. "Ericsson will upgrade 4G and deploy 5G across the Indian telecom circles it already powers for Vi. In addition, Ericsson will provide 4G and 5G services in the telecom circles of Delhi, Kerala, Chhattisgarh and Rajasthan, thereby increasing its footprint and market share with Vi substantially," a company statement said. Under the deal, VIL also replaced its Chinese vendor in Chennai and Andhra with Nokia. Nokia has become the largest supplier to VIL covering circles that generate more than 50 per cent of the debt-ridden telco's revenue.
Debt-ridden Vodafone Idea on Sunday said it has awarded contracts worth about Rs 30,000 crore to Nokia, Ericsson and Samsung for supply of 4G and 5G network equipment for three years. The deal is the first step towards the roll-out of the company's three-year capex (capital expenditure) plan of about USD 6.6 billion or Rs 55,000 crore announced earlier. "Vodafone Idea has concluded a mega, about USD 3.6 billion (around Rs 300 billion), deal with Nokia, Ericsson and Samsung for supply of network equipment over a period of three years. The capex programme is directed towards expanding the 4G population coverage from 1.03 billion to 1.2 billion, launching 5G in key markets and capacity expansion in line with data growth," the company said in a statement. The supplies against these new long-term awards will start in the coming quarter. The top priority for the company is to expand the 4G coverage to 1.2 billion Indians, the statement said.
Debt-ridden telecom operator Vodafone Idea will allocate shares worth Rs 2,458 crore to vendors Nokia India and Ericsson India to clear their partial dues, a regulatory filing said on Thursday. The board of Vodafone Idea Ltd (VIL) has cleared allotment of shares on preferential basis at about 35 per cent higher price compared to the follow-on offer price of the company, and comes with a lock-in of 6 months. "The Board of Directors of Vodafone Idea Limited today approved preferential allotment of about 166 crore equity shares of face value of Rs 10 each, at an issue price of Rs 14.80 per share, for an aggregate consideration of up to Rs 2,458 crore, to two of its key vendors, Nokia Solutions and Networks India Private Limited and Ericsson India Private Limited," the filing said. Nokia and Ericsson will participate for up to Rs 1,520 crore and Rs 938 crore respectively, subject to approval by VIL shareholders at the EGM to be held on July 10, 2024, the telco said in a release. "Nokia