Nokia Bolsters Position in India's 5G Market through Multi-Billion Dollar Deal with Reliance Jio
Portfolio Pulse from Anusuya Lahiri
Reliance Jio Infocomm is set to sign a $1.7 billion contract with Nokia Corp to purchase 5G network equipment. The deal, backed by HSBC Holdings, JP Morgan Chase & Co, and Citigroup, Inc, is expected to be finalized this week. This follows Nokia's recent patent cross-license deal with Apple Inc and Ericsson's partnership with Jio to build a 5G standalone network in India.
July 06, 2023 | 12:22 pm
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NEUTRAL IMPACT
Apple Inc recently inked a new patent cross-license deal with Nokia.
Apple's recent deal with Nokia is a positive development, but its direct impact on Apple's stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Citigroup, Inc is one of the backers of Jio's 5G-related purchases.
Citigroup's backing of Jio's 5G purchases is a positive sign, but its direct impact on Citigroup's stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
HSBC Holdings is one of the backers of Jio's 5G-related purchases.
HSBC's backing of Jio's 5G purchases is a positive sign, but its direct impact on HSBC's stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
JP Morgan Chase & Co is one of the backers of Jio's 5G-related purchases.
JP Morgan's backing of Jio's 5G purchases is a positive sign, but its direct impact on JP Morgan's stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Ericsson has partnered with Jio to build a 5G standalone network in India.
Ericsson's partnership with Jio could boost its position in India's 5G market and potentially positively impact its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Nokia is set to finalize a $1.7 billion deal with Reliance Jio for 5G equipment.
The deal is a significant boost for Nokia's position in India's 5G market and could positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100