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Korea-based wireless network equipment vendor Ace Technologies Corp. has bagged a contract worth 10.02 billion won from Mukesh Ambani-led Reliance Jio Infocomm for 2300/2400MHZ wave band DB Antenna, according to data published on the latter’s website.
The contract period is from December 5, 2016 to February 28, 2017.
Jio had earlier tied up funding of $750 million (Rs 4,800 crore) to finance purchases of goods and services from Samsung Electronics and Ace Technologies Corp, the Mukesh Ambani-led company said last year.
Korea's Samsung is the sole 4G equipment provider to Jio, having bagged successive contracts to supply equipment for over 140,000 sites for pan-India coverage. Jio has lately begun talks with multiple vendors such as Nokia, Ericsson and Huawei following concerns over the Korean company’s future in the network business at the global level.
These vendors have initiated proof-of-concepts (PoCs) with Mukesh Ambani-owned Reliance Jio, and are currently testing their equipment across LTE bands. Jio may award the contract by early next year for the next phase of expansion, which will begin later in 2017.
In addition to 4G network equipment, Jio is also testing various network technologies, including carrier aggregation or LTE-Advanced from these vendors, ET earlier reported.
Reliance Jio: Korea's Ace bags DB Antenna contract worth 10.2 billion won from Reliance Jio - ET Telecom
The contract period is from December 5, 2016 to February 28, 2017.
Jio had earlier tied up funding of $750 million (Rs 4,800 crore) to finance purchases of goods and services from Samsung Electronics and Ace Technologies Corp, the Mukesh Ambani-led company said last year.
Korea's Samsung is the sole 4G equipment provider to Jio, having bagged successive contracts to supply equipment for over 140,000 sites for pan-India coverage. Jio has lately begun talks with multiple vendors such as Nokia, Ericsson and Huawei following concerns over the Korean company’s future in the network business at the global level.
These vendors have initiated proof-of-concepts (PoCs) with Mukesh Ambani-owned Reliance Jio, and are currently testing their equipment across LTE bands. Jio may award the contract by early next year for the next phase of expansion, which will begin later in 2017.
In addition to 4G network equipment, Jio is also testing various network technologies, including carrier aggregation or LTE-Advanced from these vendors, ET earlier reported.
Reliance Jio: Korea's Ace bags DB Antenna contract worth 10.2 billion won from Reliance Jio - ET Telecom
