Ericsson (NASDAQ:ERIC) shares are trading higher on Tuesday after the company expanded its partnership with India's Bharti Airtel to deploy its secure and high-performance 5G Core network solutions.

Under this agreement, Ericsson will integrate its Signaling Controller solution into Bharti Airtel's network and introduce its 5G Standalone-enabled Charging and Policy solution.

The financial terms of the agreement were not disclosed.

These advancements will strengthen Airtel's 5G monetization strategy by supporting the creation of innovative business models.

Also, this partnership will support Airtel in gradually transitioning to a full-scale, commercially live 5G Standalone network, unlocking advanced 5G capabilities for its customers.

Andres Vicente, Head of Market Area Southeast Asia, Oceania and India, Ericsson, stated, "This deployment is a significant step towards making Bharti Airtel's network 5G Standalone ready and future proof. Ericsson's dual-mode 5G core enables monetization through network slicing-based services and network API exposure, unleashing new, innovative use cases for consumers and enterprises." 

Randeep Sekhon, CTO, Bharti Airtel, said, "Ericsson's enduring partnership with Airtel has entered an exciting new phase, marked by the deployment of Ericsson's 5G Core solutions to support Airtel's transition to 5G Standalone."

"This rollout will play a pivotal role in Airtel's long-term 5G strategy, boosting network capacity and enabling the delivery of innovative, differentiated services to customers."

Last week, Ericsson partnered with Australian communications service provider Telstra to introduce a high-performance, programmable network with 5G Advanced capabilities.

Investors can gain exposure to ERIC via Spinnaker ETF Series Genter Capital International Dividend ETF (NYSE:GENW).

Price Action: ERIC shares are up 3.27% at $8.20 at the last check Tuesday.

Read Next:

• Ericsson Q4 Earnings: Sales Climb 1%, North America Shines, Dividend Raise, Guidance And More

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