Ericsson bags $1 billion deal from Bharti Airtel

Ericsson bags $1 billion deal from Bharti AirtelThe swedish-firm Ericsson has recently announced that the company has bagged the $1.3 billion contract from Bharti Airtel. The contract is believed to be the third major order that Ericsson has bagged over the past one week.

Under the terms of the contract, Ericsson will strengthen Bharti's GSM network in the 15 circles out of the total 22 that the company operates in.

Moreover, Ericsson will also ensure making the network of Bharti Airtel 3G ready on a real time basis. In fact, with the deal in place, it will really help the home-grown telecom operator to enable the fast rollout of 3G services at a later date.

Apart from this latest deal, World's largest telecom gears company, Ericsson recently bagged two orders from the Chinese telecom market - first being the $1 billion order from China Mobile and the $800 million contract from Chine Unicom, the two largest mobile operators operating in the Chinese market. The results of the 3G auction are expected to be out by the 9th of April in the Indian market.

Notably, Bharti recently signed a deal with the Kuwait-based Zain which will empower the Indian operator to take control of the latter's African operations.