ANI
01 Mar 2021, 14:48 GMT+10
Dubai [UAE], March 1 (ANI): Leading integrator of data networks Sterlite Technologies Ltd (STL) on Monday announced major new deals and extensions worth 100 million dollars (about Rs 723 crore) to current engagement with leading telecom operators in the Middle East and Africa region, taking its order book to a record high of Rs 11,300 crore.
These contracts range from optical connectivity solutions to network solutions. One large-scale deal is with a leading telco in the United Arab Emirates to advance its 5G, 4G and FTTx network infrastructure through STL's opticonn solutions, including onshore logistics and warehousing.
Another multi-million dollar digital transformation partnership has been formed with the leading telecommunications group in North Africa which will deploy STL's digital billing solutions to seven million subscribers across the region.
The company has been focussing on building future-ready digital networks in the region. Since mid-2020, tier-one telcos are investing heavily in building digital networks. STL has expanded its presence in the region with fully 5G-ready opticonn and software solutions.
STL said its end-to-end solutions enable customers to build 5G hyper-scale networks at a fast pace with lower long-term total cost of ownership.
"We are proud to be a part of the progress of the Middle East and Africa," said Sandeep Girotra, Global Sales Head. "With our deep technology expertise and growing talent base, we will continue to deliver on the full potential of digital networks, providing enhanced experiences to consumers and businesses alike."The company has manufacturing facilities in India, Italy, China and Brazil along with two software development centre's across India and one data centre design facility in the United Kingdom.
At 2 pm, STL's stock was trading 4.35 per cent higher on BSE Ltd at Rs 216.60 per unit. (ANI)Get a daily dose of Kenya Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Kenya Star.
More InformationAhmedabad (Gujarat) [India], March 8: Leader of Opposition in Lok Sabha and Congress leader Rahul Gandhi addressed party workers in...
(Photo credit: Jonathan Hui-Imagn Images) Second-seeded Iga Swiatek, who has yet to win a tournament this year, got off to a strong...
Vadodara (Gujarat) [India], March 8 (ANI): Some things never change, and Shane Watson's dominance with the bat is one of them. The...
JUBA, SOUTH SUDAN — South Sudan's president appealed for calm and pledged his country would not go back to war, after a United Nations...
(Photo credit: Jamie Rhodes-Imagn Images) Pitt will finish the regular season with an eye on Atlantic Coast Conference postseason...
(250308) -- WAKISO, March 8, 2025 (Xinhua) -- Ugandan Minister of Health Jane Ruth Aceng (2nd R, front) displays a bottle of malaria...
RFE/RL's Live Briefinggives you all of the latest developments on Russia's full-scale invasion of Ukraine, Western military aid to...
New Delhi [India], March 8 (ANI): Congress General Secretary Jairam Ramesh on Saturday questioned Prime Minister Narendra Modi-led...
Balochistan[Pakistan], March 8(ANI): The family of Zulfiqar Ali Marri, a resident of Kohlu district in Balochistan, has urged authorities...
SRINAGAR, INDIA — Viral social media posts threw cat lovers in Indian-controlled Kashmir into a tizzy. Panic spread and local veterinarians...
Mohammad Sharifullah, a member of ISIS-K, has been linked to the deadly assault on the Crocus City Hall concert venue in Russia ...
Chandigarh (Punjab) [India], March 8 (ANI): Congress MP Manish Tewari on Saturday said that if India has decided to reduce tariff under...