Few months ago a report from ET claimed that NSN will get a $200 million network upgrade contract from Vodafone India. That report has come true and Vodafone India has awarded a upgrade contract to NSN covering 19 out of 22, 2G circles and 6 out of 9, 3G circles, in which Vodafone operates in India. The deal value has not been disclosed but ET’s sources put it at close to $200 mn.
The five-year deal covers 19 out of the 22 telecom circles where Vodafone India provides 2G services and six of the nine circles where it has 3G licences.
The company didn’t reveal the value of the contract. Vodafone India confirmed the contract, but declined to disclose financial terms. People familiar with the matter had earlier told ET that the contract could be worth nearly $200 million (Rs 1,225 crore).
NSN has secured as many as 9 Indian deals in 2013 and expects more in 2014 with recent spectrum auctions in India.