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In 50 Words: Reliance Jio to sign $1.7b 5G deal with Nokia for India rollout

Reliance Jio Infocomm is expected to sign a US$1.7 billion contract with Nokia this week to purchase 5G network equipment. This is set to supplement the US$2.1 billion contract with Ericsson as the telecom giant prepares for a nationwide 5G rollout in India by year-end. The deals are backed by financial institutions including JP Morgan, HSBC, and Citigroup.

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