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 Singapore 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 Singapore Star.
More InformationWASHINGTON, D.C.: Former U.S. President Donald Trump says he wants to cut federal funding for colleges that allow what he calls illegal...
CNN - In a recent interview with CNN's Christiane Amanpour, Canadian Foreign Minister Mélanie Joly expressed strong opposition to President...
NEWARK, New Jersey: Over the weekend, a FedEx Boeing 767 cargo plane hit a bird while taking off from Newark Airport. One of its...
WASHINGTON, D.C.: The Pentagon told its civilian employees that they must provide a list of five bullet points detailing their accomplishments...
MELBOURNE, Australia: An Australian warship rescued Lithuanian adventurer Aurimas Mockus this week after he became stranded in the...
WASHINGTON, D.C.: The U.S. is sending about 3,000 more soldiers to the U.S.-Mexico border as President Donald Trump pushes to stop...
PONTEDERA, Italy: Italy's Piaggio, the maker of the iconic Vespa scooter, reported record-high core profit margins for 2024 despite...
NEW YORK, New York - U.S. stocks fell sharply at the open and stayed in the red for much of the day Friday, however as the day wore...
NEW YORK, New York - The U.S. dollar continued to come under pressure Friday with President Donald Trump's flip flops on trade tariffs,...
SEATTLE, Washington: Nordstrom delivered stronger-than-expected holiday-quarter sales and announced a leadership shakeup, with Chief...
MILAN, Italy: Prada CEO Andrea Guerra suggested this week that the Italian luxury brand is keeping its options open regarding potential...
OSLO/COPENHAGEN: Tesla is experiencing a sharp drop in sales across Scandinavia and France as shifting consumer sentiment and an aging...