Sunday , 17 January 2021
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Bharti Airtel rings loudly after its Africa arm partners with Nokia to deploy 5G network in Kenya

Bharti Airtel rings loudly after its Africa arm partners with Nokia to deploy 5G network in Kenya

Bharti Airtel is currently trading at Rs. 470.10, up by 6.80 points or 1.47% from its previous closing of Rs. 463.30 on the BSE.

The scrip opened at Rs. 464.25 and has touched a high and low of Rs. 471.90 and Rs. 460.55 respectively. So far 273670 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 611.70 on 20-May-2020 and a 52 week low of Rs. 381.05 on 19-Mar-2020.

Last one week high and low of the scrip stood at Rs. 488.00 and Rs. 458.85 respectively. The current market cap of the company is Rs. 257038.58 crore.

The promoters holding in the company stood at 56.23%, while Institutions and Non-Institutions held 39.29% and 4.45% respectively.

Bharti Airtel’s Africa arm has partnered with Nokia to modernise network in Nairobi with high-speed 4G, and deploy 5G-ready equipment. The deployment of 5G-ready network started in June and will cover hundreds of sites. It will include upgrading existing 2G, 3G and 4G radio access network (RAN) coverage in urban, semi-urban, highways, tourist spots and central business districts in Nairobi and the rest of Kenya.

Nokia’s network infrastructure will also offer Airtel Kenya the option to smoothly transition to 5G when necessary. The upgraded network will deliver enhanced connectivity to customers of Airtel Kenya and access to new, high-speed data services. Under the contract, Nokia is supplying Airtel Kenya telecom gears for both indoor and outdoor coverage, including base stations and radio access products.

Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.