Nokia Siemens wins $500m contract from Indian carrier

Nokia Siemens Networks has won a $500 million contract from a leading Indian mobile phone service company to manage and expand its communications network, an Associated Press report said.

The Associated Press report, quoting both companies, said the two-year contract from Idea Cellular requires Nokia Siemens Networks to supply and service communication equipment and help expand the Mumbai-based company's network capacity.

Idea Cellular operates in 11 out of the 23 mobile phone service zones that make up the Indian market, the Associated Press report said.

The report said Nokia Siemens will be involved in expansion of network capacity in only six of these zones.

Idea Cellular managing director Sanjeev Aga was also quoted as saying that the contract will help the company double its existing capacity and reach out to new users.

Currently, the company has 14.56 million customers and is the country's fifth-largest mobile phone service provider, the report said.

India is has the world's fastest growing mobile phone market, which has been adding more than 5 million new connections every month over the past year, the report further said.

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