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According to the officials, Vi continues to be in discussions with the potential investors, including in the US, to raise fresh capital by issuing equity and equity-linked instruments. The telco has said that bank lending will follow soon after the equity fundraising is finalised.
Tata Consultancy Services (TCS) is looking to promote its locally developed 5G radio network gear in overseas markets, particularly in the US. TCS Chief Operating Officer NG Subramaniam stated that the N78 5G radios designed by Tejas Networks may be qualified for global 5G opportunities, including those in the US.
Reliance Jio Infocomm, India's largest telco, is raising up to $2 billion in offshore loans with BNP Paribas as the lead arranger. The funding will help finance the purchase of 5G network gear from Ericsson. Swedish export credit agency EKN has provided a $2.2 billion cover to protect Ericsson and the lenders involved in the deal from risks.
Swedish telecommunications giant Ericsson also announced the introduction of ultra-lightweight Massive 'MIMO 32T32R' radios as the best fit for India's needs - AIR 3219 and AIR 3268 (Antenna Integrated Radio).