Bharti Airtel partners with Nokia to automate Data centre Network.
Bharti Airtel on also said its board of directors has approved fund raising up to Rs 32,000 crore, through rights issue and perpetual bonds. The board, in its meeting during the day, approved a proposal to raise Rs 25,000 crore through rights issue and Rs 7,000 crore through perpetual bonds, Bharti Airtel said in a regulatory filing."The board approved the issuance of fully paid-up equity shares of the company for an amount aggregating upto Rs 25,000 crore by way of a rights issue to eligible equity shareholders of the company as on the record date (to be notified subsequently)," the filing said. The board also approved "perpetual bonds of upto $1 billion (Rs 7,000 crore) denominated in foreign currency subject to price, market conditions and other terms and conditions as acceptable, and with conditions allowing for full accounting equity credit and subject to all applicable laws including under ECB (external commercial borrowings) Regulations." The rights would be issued at Rs 220 per equity share, which have a face value of Rs 5 per share. Rights entitlement ratio has been pegged at 19 shares for every 67 shares held by eligible shareholders as on the record date. The shares of Bharti Airtel on the BSE settled at Rs 317.95 per share on Thursday, lower by Rs 2 or 0.63 per cent from the previous close.
Randeep Sekhon, Chief Technology Officer at Bharti Airtel. Once deployed, the Nuage Networks VSP solution will allow Airtel to provide new services, including Voice over LTE (VoLTE) and Mobile Edge Computing (MEC), it added. The move gains significance in the backdrop of Bharti Airtel preparing the networks for new technologies like 5G and Internet of Things (IoT). Nokia on February 24 announced Bharti Airtel will conduct a trial on its homogenous fronthaul solution, which can support 4G, 5G and enterprise services through a common platform. Front haul is the link between baseband unit and radio, and modernisation of this part of the network is essential to deliver high-speed and low latency of 5G services.
On Feb 27 (IANS) Finnish telecommunication giant Nokia said Bharti Airtel would deploy solution from Nokia's Nuage Networks to upgrade its data centres. Nuage Networks is a Nokia venture focused on software-defined networking solution. Airtel will deploy Nuage Networks VSP (virtualised services platform) solution in 15 circles (service areas) in the northern and southern parts of the country to automate its data centre networks, Nokia said in a statement. "We are confident that this partnership with Nokia will allow us to upgrade our data centre and will enable us to continue to provide the best-in-class services to our subscribers," said.