Bharti Airtel has awarded a $900 million contract to Nokia Siemens for deploying equipments in various circles in which it operates.
The two-year GSM expansion programme will cover the company’s eight existing circles of Mumbai, Maharashtra and Goa, Gujarat, Madhya Pradesh and Chhattisgarh, Bihar and Jharkhand, Orissa, Kolkata and West Bengal.
For the two-year fixed network expansion, Nokia Siemens will deploy 1.8 million Next Generation Networks ports across Airtel’s National Long Distance (NLD) and International Long Distance networks (ILD).
Analysts feel that the company is a good long-term bet in the Indian telecom space and one can contemplate buying the stock.
“It will be better for the investors to buy the counter on a decline from a five-year perspective,” said Nihar Oza, Vice President, Brics Securities.
The scrip at Rs 869 levels firmed up 3.9 per cent or Rs 32 towards the end of trading session on Tuesday.
