Nokia said it will start manufacturing of PON optical line terminals (OLTs) at its factory in Sriperimbudur near Chennai, India.
Nokia is a participant in the Government of India’s Production Linked Incentive (PLI) scheme. Nokia did not reveal the capacity of its PON OLTs manufacturing. Nokia is planning an annual Capex (capital expenditure) of 600 million euros globally in 2022.
Nokia has generated revenue of 2.943 billion euros (+25 percent) from its fixed network business in 2022.
Nokia is trying to cash in on the opportunities arising from the demand for fiber in the Asia-Pacific region including telecom markets like Japan, India and Southeast Asia. Operators are spending on the fiber to the home (FTTH) deployment. There is also significant demand from mobile network operators (MNOs) as they deploy 5G and need fiber in their transport networks to carry data traffic.
Sandy Motley, President Fixed Networks at Nokia, said: “Nokia is the leader in FTTx solutions globally and is innovating rapidly to introduce next generation PON solutions.”
Sanjay Malik, SVP and Head of India Market at Nokia, said: “India is seeing massive demand for fiber connectivity from both fixed and mobile operators. OLT production at our Chennai plant will offer a timely boost to meeting this demand in a timely way.”
