Telecom equipment manufacturer Sterlite Technologies Ltd (STL) has received an order worth $100 million from Middle-East and Africa for setting up a network and infrastructure for 5 G wireless service.
“With this order, STL’s order book now stands at a record of Rs 11,300 crore. This would exhibit the company’s unwavering focus on building future-ready digital networks in the region,” filing with the exchange stated.
Since mid-2020, Tier 1 MEA telcos are investing heavily in building digital networks. STL has been expanding its presence in the region with its fully 5G ready Opticonn and Software Solutions. STL’s unique end-to-end solutions enable customers to build 5G hyperscale networks at a fast pace with lower long-term Total Cost of Ownership (TCO).
“These multi-year, multi-million dollar deals range from optical connectivity solutions to network solutions. One large-scale deal is with a leading Telco in the UAE to advance its 5G, 4G, and FTTx network infrastructure through STL’s Opticonn Solutions, including onshore logistics and warehousing,” the filing said.
“Another multi-million dollar digital transformation partnership has been formed with the leading telecommunications group in North Africa. This Telco will deploy STL’s digital billing solutions to 7 million subscribers across the region. With these deals across the Middle East and Africa, STL has built an Order Book of over $100 million in the region,” it added.
Speaking on the deals, Sandeep Girotra, Global Sales Head, STL, said, “STL is building solutions to empower its customers in the MEA region for optical connectivity and network software, enabling FTTH and 5G deployments. We are proud to be a part of the progress of the Middle East and Africa.”
“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,” Sandeep added.