Bharti Airtel, TCS gain after collaborating for 5G

Shares of Bharti Airtel and Tata Consultancy Services rose after the telecom major and Tata Group/TCS announced a strategic partnership for implementing 5G networks solutions for India.

Jun 22, 2021 09:06 IST capital market

Bharti Airtel scrip added 0.96% to Rs 544.70. TCS stock gained 0.65% to Rs 3,293.75.

Tata Group has developed a state of the art O-RAN based Radio & NSA/SA Core and has integrated a totally indigenous telecom stack, leveraging the Group capabilities and that of its partners. This will be available for commercial development starting January 2022.

Tata Consultancy Services (TCS) brings its global system integration expertise and helps align the end-to-end solution to both 3GPP and O-RAN standards, as the network and equipment are increasingly embedded into software.

Airtel will pilot and deploy this indigenous solution as part of its 5G rollout plans in India and start the pilot in January 2022, as per the guidelines formulated by the Government of India.

Gopal Vittal, MD & CEO (India and South Asia) Bharti Airtel said, ?We are delighted to join forces with the Tata Group to make India a global hub for 5G and allied technologies. With its world-class technology ecosystem and talent pool, India is well positioned to build cutting edge solutions and applications for the world. This will also provide a massive boost to India becoming an innovation and manufacturing destination.?

Airtel is a board member of the O-RAN Alliance and is committed to explore and implement O-RAN based networks in India. Earlier this year, Airtel became the first telecom company in India to demonstrate 5G over its LIVE network in city of Hyderabad. The Company has started 5G trials in major cities using spectrum allocated by the Department of Telecom.

The Tata groups telecom and media enterprises cater to the communication requirements of global business houses to SMEs, and from wholesale to home networks. Tata Consultancy Services (TCS) is a member of the O-RAN Alliance.

Powered by Capital Market - Live News

Related Story

Open Free Demat Account (Rs699)