Finland's Nokia is in talks with Bharti Airtel about securing a multi-billion dollar contract to provide 5G telecom equipment for the Indian mobile operator which is expanding its network, three sources familiar with the matter said.

Nokia (NYSE:NOK) is in discussions with Bharti Airtel about securing a multi-billion dollar agreement to provide 5G telecom equipment to the Indian mobile operator, which is bolstering its network, Reuters reported citing people with knowledge of the matter.

This possible collaboration between Nokia and Airtel highlights the competitive landscape in India's telecom sector, as companies rush to expand their 5G networks and secure market share.

Communications giant, Nokia (NOK, Financial) is in currently in talks with Bharti Airtel for a multi-billion dollar contract in supplying 5G telecom equipment, according to a Reuters report. The deal would entail Nokia's AirScale mobile radios,

Airtel’s latest renewal came weeks after Vodafone Idea signed $3.6 billion equipment deals with all three equipment vendors to expand its 4G network and gradually roll out 5G services.

The deal with Airtel would be for Nokia's latest AirScale mobile radios that support upgrading an existing network to 5G-Advanced and reduces energy costs