Bharti Airtel`s subsidiary, Bharti Airtel Lanka, signed a three year USD 150 million deal with Chinese telecom major, Huawei Technologies to manage its networks, reports Business Standard.
Huawei will deploy and manage Airtel`s core network, nodes, cell sites and its 2G and 3G network solutions. It will also provide telecom applications and software to Bharti Airtel.
Huawei`s technology will reduce Bharti Airtel`s total cost of ownership (TCO), enhance its competitive edge and also help the company deploy its network faster and economically.Bharti Airtel was recently awarded the license to commence 2G and 3G mobile services in Sri Lanka.
Shares of Bharti Airtel gained Rs 18.25, or 2.24%, to end at Rs 832.5. The total volume of shares traded was 152,518 at the BSE.(Tuesday)
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