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PUNE, India, March 1, 2021 / PRNewswire / – STL (NSE: STLTECH), a leading digital network integrator, today announced major new transactions and extensions to the current engagement with major telecom operators in the Middle East and Africa region (MEA). Offers are worth more than $ 100 million bring the STL’s order book to a record level of ~ Rs 11,300 crore and show the company’s unwavering desire to create promising digital networks in the region.
Since mid-2020, level 1 MEA telecom operators have been investing heavily in the construction of digital networks. STL has expanded 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 rapid pace with a lower long-term total cost of ownership (TCO). These multi-year, multi-million dollar transactions range from optical connectivity solutions to network solutions.
A large-scale agreement has been reached with a leading telecommunications company in the United Arab Emirates to advance its 5G, 4G and FTTx network infrastructure through STL’s Opticonn solutions, including logistics and onshore warehousing. Another multi-million dollar digital transformation partnership has been formed with the leading telecommunications group in North Africa. This telecommunications company will deploy STL’s digital billing solutions to 7 million subscribers in the region. With these offers through the Middle East and Africa, The STL has created an order book of more than $ 100 million In the region.
Speaking of offers, Sandeep girotra, Global Sales Head, STL, said, “STL is developing solutions to empower its customers in the MEA region for optical connectivity and network software, thus enabling FTTH and 5G deployments. We are proud to be part of the progress of Middle East and Africa. With our deep technological expertise and growing talent base, we will continue to harness the full potential of digital networks, delivering enhanced experiences for consumers and businesses. “
About STL – Sterlite Technologies Ltd
STL is a leading digital network integrator.
Our fully 5G-enabled digital network solutions help telecom operators, cloud businesses, citizen networks and large enterprises deliver enhanced experiences to their customers. STL provides integrated end-to-end solutions ready for 5G, ranging from wired to wireless, design to deployment, connectivity to compute through core capabilities of optical interconnect, virtualized access solutions , network software and system integration.
We believe in harnessing technology to create a world with next-generation connected experiences that transform everyday life. We conduct fundamental research on next-generation network applications in our center of excellence. STL has a strong global presence with manufacturing facilities for next-generation preform, fiber, cable and interconnect optical subsystems in India, Italy, China and Brazil, as well as two software development centers across India and a UK data center design facility.
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SOURCE Sterlite Technologies Ltd. (STL)
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