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Business Standard
an hour ago
- Business
- Business Standard
Bharti Airtel awards multi-year managed services contract to Ericsson
Ericsson has been awarded a multi-year NOC Managed Services (MS) contract by Bharti Airtel, further strengthening the long-standing partnership between the two companies. This strategic agreement underscores Ericsson's leadership in managed services and reaffirms its commitment to delivering exceptional value to Airtel customers. Under this agreement, Ericsson will enable intent-based operations, powered by its centralized Network Operations Center (NOC), to manage Airtel services across 4G, 5G NSA, 5G SA, Fixed Wireless Access (FWA), Private Networks, and Network Slicing. This partnership will see Ericsson manage Airtel's pan-India network through its state-of-the-art NOC while scaling FWA and Network Slicing across the country.
India Gazette
4 hours ago
- Business
- India Gazette
Ericsson secures multi-year Managed Services deal with Bharti Airtel
New Delhi [India], June 9 (ANI): Ericsson has been awarded a multi-year NOC Managed Services (MS) contract by Bharti Airtel, further strengthening the long-standing partnership between the two companies. This strategic agreement underscores Ericsson's leadership in managed services and reaffirms its commitment to delivering exceptional value to Airtel customers. Under this agreement, Ericsson will enable intent-based operations, powered by its centralised Network Operations Centre (NOC), to manage Airtel services across 4G, 5G NSA, 5G SA, Fixed Wireless Access (FWA), Private Networks, and Network Slicing. This partnership will see Ericsson manage Airtel's pan-India network through its state-of-the-art NOC while scaling FWA and Network Slicing across the country. Randeep Sekhon, CTO, Bharti Airtel, said, 'We are excited to enhance our strong collaboration with Ericsson as we pursue our goal of creating a future-ready network that delivers an exceptional experience for our customers. We believe that these innovative technologies will empower us to meet the growing data demands of consumers in a digitally connected India.' Andres Vicente, Head of Market Area Southeast Asia, Oceania and India, Ericsson, says, 'This milestone agreement with Bharti Airtel reinforces our commitment to helping Airtel deliver the best possible experience for its customers.' He added, 'By leveraging Intent-Based NOC Operations, we will enable Airtel to unlock wider service diversification to meet customer needs, thereby enabling new revenue opportunities for Airtel.' Ericsson's longstanding partnership with Bharti Airtel, spanning over 25 years, encompasses multiple generations of mobile communications technology. Notably, this announcement follows closely on the heels of Bharti Airtel's collaboration with Ericsson on 5G Core to drive 5G evolution. (ANI)
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Business Standard
4 hours ago
- Business
- Business Standard
Ericsson secures multi-year Managed Services contract from Bharti Airtel
Ericsson on Monday said it has secured a multi-year NOC Managed Services (MS) contract from telecom major Bharti Airtel. The agreement covers management of Airtel's pan-India network through Ericsson's centralised Network Operations Centre (NOC), supporting 4G, 5G NSA, 5G SA, Fixed Wireless Access (FWA), Private Networks, and Network Slicing technologies, according to a company statement. The company, however, did not disclose the financial details of the order. "By leveraging Intent-Based NOC Operations, we will enable Airtel to unlock wider service diversification to meet customer needs, thereby enabling new revenue opportunities for Airtel," Andres Vicente, Head of Market Area Southeast Asia, Oceania and India, Ericsson, said. Bharti Airtel and Ericsson hold a longstanding partnership of 25 years. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
05-05-2025
- Business
- Time of India
Bharti Airtel reiterates call for equity swap of government dues to ease debt
Bharti Airtel has called on the telecom department for urgent action on its request to convert over ₹41,000-crore adjusted gross revenue (AGR) dues into government equity, highlighting the high debt burden of its promoter Bharti Telecom (BTL), and the need to strengthen its balance sheet to invest in infrastructure and emerging technologies. In follow-on letters to the Department of Telecommunications (DoT) after its initial conversion request, Airtel has pointed out that the debt of BTL has reached around ₹40,000 crore and the promoters have limited ability to invest further due to the financial strain, people aware of the matter told ET. The telco pointed out that rating agencies have expressed concerns over the high debt burden of the promoters, noting that agencies typically consolidate the debt of the holding company (read: BTL) with the debt of the operating company (Airtel). "Airtel has warned that any potential downgrade will adversely impact its own ability to raise further debt," one of the people said on condition of anonymity. BTL is the main promoter-level company controlling Bharti Airtel with a 40.47% stake. Singtel holds a 49.44% stake in BTL while the Mittal family-backed Bharti Enterprises owns the majority 50.56%. BTL's annual interest cost-primarily debt servicing-has been rising sharply due to its mounting debt in the last couple of years. The debt of BTL reached nearly ₹40,000 crore at the end of FY25 from ₹15,900 crore two years earlier, as per estimates. Its debt-equity ratio has increased to 5.4 as of December 2024 from 0.24 in June 2022. BTL has been regularly buying shares from Airtel promoters Singapore Telecommunications (Singtel) and the Mittal family, taking on debt to fund the deals. In its correspondence with the government, Airtel also said it carries a debt burden of ₹1.77 lakh crore, a bulk of which was AGR dues , and that it was important for the company to maintain strong ratings in order to have potential access to capital in the future, the person cited above said. The telco has been divesting key assets like its stake in its African subsidiary to raise money, but now has limited headroom to divest further stakes in assets for investment. "The company said any further asset sale may impact its overall stability and become vulnerable to competitive moves," another person cited above said. Airtel also stressed that the AGR judgement caused financial stress on its ability to compete, and it needed government support to ease the financial burden, so that it can continue infrastructure rollout. An ET query sent to Airtel remained unanswered at the time of going to press. If the government agrees to the equity conversion, it will strengthen Airtel's balance sheet and cash flows, allowing it to invest in fibre, data centres, submarine cables and emerging technologies like 5G SA and 6G, Airtel has told DoT, one of the people said. BTL has bought stakes worth ₹38,100 crore in Airtel over the past few years, including its ₹1,900 crore initial contribution towards an October 2021 rights issue. BTL does not have any operating revenues and a dividend from Airtel is its only source of revenue. In recent years, Singtel and the Mittal family have been shifting their direct holdings in Airtel to BTL. BTL, at some point, would also need to contribute a further ₹5,800 crore towards pending calls for Airtel's October 2021 rights issue, which would also require higher revenue inflows in the form of dividends from Airtel, analysts said.
Yahoo
14-04-2025
- Business
- Yahoo
GCI selects Ericsson to deploy and operate new 5G Core network
GCI Communication Corp partners with Ericsson for core network Build and Operate, deploying 5G Core as part of the Ericsson dual-mode 5G Core solution to support the operator's ongoing transformation. Ericsson will assume responsibility for core network operations across all network generations, leveraging AI to enhance customer experience, freeing up GCI resources for strategic initiatives. Ericsson and GCI to build a framework to streamline and accelerate deployment of future core functionality, accelerating the implementation of new capabilities. PLANO, Texas, April 14, 2025 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) and GCI Communication Corp (GCI) have announced a new partnership to revolutionize GCI's core network infrastructure and accelerate its cloud-native transformation. The new agreement provides the latest generation of cloud-core technology along with new AI tools and ways of working that address increasing network complexity inherent with evolving networks. This new agreement is a major step towards the seamless integration of advanced 5G services capabilities into GCI's network. Ericsson already provides the Radio Access Network (RAN), microwave transport, and core network technology to support GCI's 3G, 4G, and 5G Non-Standalone (NSA) networks - the latter being the first 5G network in Alaska when launched in 2020. With this new deal, GCI will augment the network with a new dual-mode 5G Core in preparation for the future launch of 5G Standalone (SA) services. Ericsson will operate the existing 3G, 4G, and 5G NSA core network as well as the new cloud-native core platform, supporting 5G SA capabilities, on GCI's behalf via its Intelligent Operations Center (IOC). The partnership enables Ericsson and GCI to leverage their own unique areas of technical expertise to support the operation of GCI's statewide network and deliver the best possible connectivity to Alaskans. In today's rapidly evolving landscape, the demand for faster and more reliable wireless connectivity continues to surge. Operators can face challenges when transforming their business processes and operations maturity to meet the demands of advanced 5G services while maintaining the quality of connectivity across earlier generations of networks their customers demand. Previously, options were limited to investing resources in complex modernizations, or relinquishing control by engaging a hosting provider. By operating the core network on behalf of customers, Ericsson has introduced a third option for operators like GCI who need the control and flexibility of a wholly-owned core network while simultaneously accelerating operational transformation. Ericsson provides the means for GCI to support their transformation whilst maintaining control of their core network during deployment of 5G SA and associated advanced services in an efficient, focused and cost-disciplined manner. "By leveraging Ericsson's expertise, innovative solutions, and advanced services capabilities, we are poised to elevate GCI's core network infrastructure to new heights and support its ambitious plans for growth and business evolution over the coming years," said Eric Boudriau, Senior Vice President and Head of Customer Unit Regional Customers & HCPs, Ericsson Americas. "We're dedicated to providing our customers with enhanced services and experiences, incorporating advanced AI and predictive core operations." The partnership heralds a new era of operational efficiency and customer-centricity for GCI. Ericsson's advanced artificial intelligence and predictive core operations promise an unparalleled customer experience. At the same time, new ways of working and inter-company collaboration accelerate the deployment of new future core functionalities while freeing up GCI's resources to concentrate on other strategic initiatives. "We're excited to expand the long-standing partnership with Ericsson and strengthen GCI's wireless footprint throughout Alaska," said GCI Senior Vice President & Chief Technology Officer Troy Goldie. "By leveraging Ericsson's expertise and innovative solutions in the core network, we are building a framework that will enable us to streamline and accelerate deployment of future core functionality and accelerate the implementation of new capabilities enabling us to provide our customers with an even better mobile data and voice experience." Ericsson's Core Build and Operate Managed Services not only provide predictability in core spending but also accelerate core deployment projects and operations transformation. With a shared commitment to innovation and excellence, GCI and Ericsson are poised to shape the future of wireless telecommunications in the region and beyond, one breakthrough at a time. NOTES TO EDITORS:Ericsson 5G CoreEricsson 5G StandaloneEricsson Managed Network Services: Empowering networks GCI partners with Ericsson to turn up 5G sites in AlaskaGCI selects Ericsson for 5G rollout in Alaska FOLLOW US:Subscribe to Ericsson press releases hereSubscribe to Ericsson blog posts herehttps:// MORE INFORMATION AT:Ericsson (+46 10 719 69 92) (+46 10 719 00 00) ABOUT ERICSSON:Ericsson's high-performing, programmable networks provide connectivity for billions of people every day. For nearly 150 years, we've been pioneers in creating technology for communication. We offer mobile communication and connectivity solutions for service providers and enterprises. Together with our customers and partners, we make the digital world of tomorrow a reality. ABOUT GCI:Headquartered in Alaska, GCI provides data, mobile, video, voice and managed services to consumer, business, government, and carrier customers throughout Alaska, serving more than 200 communities. The company has invested $4.7 billion in its Alaska network and facilities over the past 45 years. Through a combination of ambitious network initiatives, GCI continues to expand and strengthen its statewide network infrastructure to deliver the best possible connectivity to its customers and close the digital divide in Alaska. Learn more about GCI at GCI is a wholly owned subsidiary of Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP). Learn more about Liberty Broadband at View original content to download multimedia: SOURCE Ericsson
