iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Nokia to manufacture passive optical network line terminals in Chennai

10 Feb 2023 , 10:32 AM

Nokia will manufacture passive optical network (PON) optical line terminals (OLTs) in Chennai to meet rising demand from domestic and international customers.

In addition, the telecom equipment maker will open a device testing facility in Bengaluru for enterprise customers, with the larger goal of driving industry 4.0 adoption in the country.

The announcements follow the recent awarding of 5G equipment contracts to Nokia and its Swedish rival Ericsson by India’s top telecom operators, Reliance Jio and Bharti Airtel.

Changes in consumer behaviour, work from home, and consumption of data-rich entertainment services, according to Nokia, are driving demand for fibre broadband. Governments and private equity funds are also providing institutional support and investments in broadband and fibre connectivity.

It stated that while much of this demand will come from fibre to the home (FTTH), there will also be significant demand from telecom operators as they deploy 5G and require next-generation fibre in their transport networks to handle the expected surge in data traffic.

According to Nokia, demand for fibre is shifting to new regions, with the Asia-Pacific region seeing strong demand in markets such as Japan, India, and Southeast Asia. Nokia is currently involved in the Indian government’s production-linked incentive (PLI) program.

For feedback and suggestions, write to us at editorial@iifl.com

explored-media

Related Tags

  • Airtel
  • Nokia
  • Nokia News
  • Sony Ericsson
  • Telco News
  • Telecom News
  • telecom operator
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Most Read News

Top Stocks for Today - 25th April 2025
25 Apr 2025|06:47 AM
Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.