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HomeNewsBusinessMarketsBharti Airtel shares snap 6-day losing streak to gain 3% on partnership with Ericsson to drive 5G transition

Bharti Airtel shares snap 6-day losing streak to gain 3% on partnership with Ericsson to drive 5G transition

Shares of Bharti Airtel Ltd surged 2.98 percent to an intraday high of Rs 1,649.15 per share on the NSE.

February 25, 2025 / 15:04 IST
Bharti Airtel shares snap 6-day losing streak to gain 3% on partnership with Ericsson to drive 5G transition
     
     
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    Bharti Airtel shares snapped their six-day losing streak to gain 3 percent in February 25 trading session on partnership with Ericsson to drive the company's 5G transition.

    Bharti Airtel informed the shareholders through an exchange filing on its new collaboration to deploy Ericsson's 5G Core solutions to support Airtel's transition to 5G Standalone.

    The shares of Bharti Airtel Ltd surged 2.98 percent to an intraday high of Rs 1,649.15 per share on the NSE. The stock has gained after six days of consecutive fall.

    "The collaboration will enable Airtel to seamlessly transition to a commercially live, full-scale 5G Standalone network over time, bringing the high-end capabilities of 5G to their customers," Bharti Airtel said in an exchange filing.

    Randeep Sekhon, CTO, Bharti Airtel, says: "This rollout will play a pivotal role in Airtel's longterm 5G strategy, boosting network capacity and enabling the delivery of innovative, differentiated services to customers."

    Ericsson is a longstanding Bharti Airtel connectivity partner with a relationship spanning over 25 years and covering every generation of mobile communications, including the award of Bharti Airtel’s first 5G contract in India, the company said in a release.

    As part of this agreement, Ericsson will deploy its Signaling Controller solution within Bharti Airtel's network. Furthermore, Ericsson's 5G Standalone-enabled Charging and Policy solution will be introduced.

    Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
    Moneycontrol News
    first published: Feb 25, 2025 02:52 pm

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