Nokia Networks signs 12 telecom deals in India in 1H 2014

Nokia networks today said it has signed 12 telecom deals in India during the first half of 2014.

During the same period last year, the company had signed 9 telecom infrastructure deals.

It is believed that Nokia Networks has signed a 4G deal with Reliance Jio. However, Nokia Networks officials did not confirm the details.

Sandeep Girotra, regional head India, Nokia Siemens
Sandeep Girotra, regional head India, Nokia Siemens

Sandeep Girotra, head- India region, Nokia Networks, said, “We are engaged with Reliance Jio and other operators. However, we cannot confirm about any such deals.”

“Indian telecom market is reviving thanks to a stable government . we are seeing significant investments in mobile broadband by telecom operators,” Girotra added.

Virotra welcomed spectrum sharing recommendations by telecom regulator TRAI.

“spectrum sharing is a welcome stage. These are initial stages. Spectrum sharing will improve the business conditions of mobile operators. However, we are concerned about preferential market access guidelines. We are also concerned about 10 percent levy imposed on certain telecom equipment. This will be a blow on capex plans of operators,” he added.

Nokia Networks last week said its second quarter sales dipped around 7 percent to €2.6 billion.

Net sales in mobile broadband business unit rose 6 percent year-on-year. This performance was driven by strong sales not just in LTE, but also by double-digit growth in core sales.

Last week, Rajeev Suri, president and chief executive officer, Nokia, said: “We still have work to do to get global services back to growth after our many contract exits during the last two years.”

Nokia Networks has won 10 new managed services deals this year.

On a regional level, two out of our six regions, Asia-Pacific and Greater China, were back to year-on-year growth, and all regions grew sequentially.

“The large LTE rollouts in China are proceeding well for us. Europe, which has been a difficult region for us, declined year-on-year.

North America was largely between major rollouts, though Sprint deployment activities are likely to accelerate in coming quarters.

Nokia Networks posted declines in the Middle East and Africa. However, its telecom deal momentum in the region has strengthened significantly. Latin America remains its most challenging region, partly a result of regulatory changes in Mexico, but also partly due to our earlier overreliance on services in the region and high impact of exits from those projects during our transformation.

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