Nokia Siemens makes $900m investment plans to its facility in India
Friday, 6 July 2007
Nokia Siemens Networks has recently announced $100 million investment plans in its Indian facility over the next three years. The next day it announced signing of a $900 million memorandum of understanding with Bharti Airtel for an end-to-end network expansion, reports bdnews24.com.
NSN's investment plan covers setting up a telecoms equipment manufacturing plant in Tamil Nadu for wireless network equipment and establishing new offices across various cities. Further development of an existing R&D centre and expanding the Global Networks Solution Centre are also in the mind of this newborn Finnish-German telecoms joint venture.
The $100 million investment plans were unveiled by NSN's CEO Simon Beresford-Wylie on the first day of his very first trip to India as head of the company.
According to India's Voice & Data Top 100 Survey, NSN is the largest telecoms equipment vendor and the leader in managed services, the company said in a press release.
NSN has also signed a $900 million MoU with Bharti to expand its mobile, fixed and Intelligent Network platforms. NSN calls it "the first multi platform network contract of its kind to be awarded in India."
It will expand Airtel's GSM network in eight circles and its national as well as the international long distance networks "with 1.80 million Next Generation Network (NGN) ports - the largest ever NGN contract in the country - and its International Calling Card prepaid service capacity by 4.5 million news users."
The GSM and NGN expansions are planned over two years and the International calling cards expansion over three years.
NSN's investment plan covers setting up a telecoms equipment manufacturing plant in Tamil Nadu for wireless network equipment and establishing new offices across various cities. Further development of an existing R&D centre and expanding the Global Networks Solution Centre are also in the mind of this newborn Finnish-German telecoms joint venture.
The $100 million investment plans were unveiled by NSN's CEO Simon Beresford-Wylie on the first day of his very first trip to India as head of the company.
According to India's Voice & Data Top 100 Survey, NSN is the largest telecoms equipment vendor and the leader in managed services, the company said in a press release.
NSN has also signed a $900 million MoU with Bharti to expand its mobile, fixed and Intelligent Network platforms. NSN calls it "the first multi platform network contract of its kind to be awarded in India."
It will expand Airtel's GSM network in eight circles and its national as well as the international long distance networks "with 1.80 million Next Generation Network (NGN) ports - the largest ever NGN contract in the country - and its International Calling Card prepaid service capacity by 4.5 million news users."
The GSM and NGN expansions are planned over two years and the International calling cards expansion over three years.