Telecom operators are developing pan-India 5G capacity which will continue to drive business for Nokia in the country, the head of the Finnish firm's India unit has said.
Nokia Senior Vice President & Head of India Market Sanjay Malik told PTI that telecom companies are focusing on building capacity for 5G so that they are ready for launch once they get spectrum in the proposed auction, while their strategy on roll out of services circle or city-wise is still in works.
"We still see positive momentum in the market from both the capacity and the coverage build which is going to happen, the 5G readiness in terms of transport, the broadband. All these segments would still continue over the rest of the year and we see good potential and good momentum in all the areas," Malik said.
Nokia's sales in India grew 75 per cent on year-on-year basis to 230 million euros in the second quarter ended June 30, 2021 from 179 million euros.
Malik said the spectrum auction conducted by the government in March was the key driver from India perspective which fuelled company's business in the country.
"Basically it is the 4G capacity and coverage which started and because of the spectrum auction that got a boost but operators have started building their transport and their backhaul for 5G readiness. Because of Covid, working from home environment, the fixed broadband also has been seeing a good growth in the market," Malik said.