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Sterlite Technologies Limited. — Capital/Financing Update 2022
Jul 19, 2022
59411_rns_2022-07-19_07608804-a33b-43e4-bef2-98e362711eeb.pdf
Capital/Financing Update
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----- Start of picture text ----- www.stl.tech----- End of picture text -----
July 19, 2022
National Stock Exchange of India Limited
National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5[th] Floor, Phirozee Jeejeebhoy Towers, Plot No. C-1, G Block, Dalal Street, Bandra Kurla Complex, Bandra (East) Mumbai - 400 001. Mumbai - 400 051.
Sub: - Press Release – STL wins INR 250 Crore deal for building Indian telecom operator’s optical network
Ref: - Scrip ID - STLTECH/ Scrip Code – 532374
Dear Sir/Madam,
The Company is pleased to announce a deal with one of India’s leading telecom operators. Pursuant to this arrangement, STL seeks to fulfil the telecom operator’s requirement for setting up a high-performance, modern communication network in India.
A copy of the Company’s Press Release in this behalf, is enclosed herewith.
Kindly take the above on record.
Thanking you.
Yours faithfully,
For Sterlite Technologies Limited
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Amit Deshpande
Corporate General Counsel & Company Secretary (ACS 17551)
Enclosure: As above.
Sterlite Technologies Limited Registered office: 4th Floor, Godrej Millennium, Koregaon Road 9, STS 12/1, Pune, Maharashtra- 411 001, India. CIN - L31300PN2000PLC202408
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PRESS RELEASE
STL wins ~INR 250 crore deal for building Indian telecom operator’s optical network
Mumbai, 19 July 2022 : STL [NSE: STLTECH], an integrator of digital networks, today announced a deal with one of India’s leading telecom operators. Pursuant to this arrangement, STL seeks to fulfil the telecom operator’s requirement for setting up a high-performance, modern communication network in India. STL, already a leading network modernisation partner for the telecom player, further strengthens its relationship with the telco with this deal. With this multi-year deal, worth ~ INR 250 crore , STL aims to provide specialised optical fibres and deployment services to build the service provider’s network across 9 telecom circles , pan India.
As India’s data demand grows, dense fiberisation is the need of the hour. This is being driven by investments in 5G, FTTH, data centres and next-gen digital networks by private telcos. STL, with its combined capabilities in optical fibres, network design and deployment services and programmatic network management, is uniquely positioned to deliver significant value. In this nationwide project, STL intends to provide a pre-integrated suite of optical fibre cables comprising Armored, Duct and Universal cables complying with varied deployment scenarios and integration services with its unique end-to-end deployment methodology.
These optical fibre cables are a suitable choice for direct burial and duct installations. The design with Polyethylene outer jacket and unbonded steel tape promotes ease of installation and provides protection against rodents along with improved crush and impact resistance.
STL’s optical connectivity solutions seek to enable the service provider to deliver a world-class customer experience through enhanced scalability, reduced latency, and improved bandwidth. The densely fiberised network is also expected to form the foundation for many next-gen services such as 5G, FTTH, IoT, enterprise networks, and Industry 4.0.
Commenting on this collaboration, Praveen Cherian, CEO, STL Global Services, said: “ STL and the telecom service provider have been long-term partners in the optical connectivity space. In this project, STL will collaborate with the service provider to develop and build a competent network for India. Through our solution, we will provide a 5G-ready and high-capacity network which is expected to enable the service provider to provide faster delivery of new services with enhanced user experience in East, South and North regions.”
About STL - Sterlite Technologies Ltd:
STL is an integrator of digital networks providing All-in 5G solutions. Our capabilities across optical networking, services, software, and wireless connectivity place us amongst the top optical players in the world. These capabilities are built on converged architectures which aim for telcos, cloud companies, citizen networks, and large enterprises to deliver next-gen experiences to their customers. STL collaborates with service providers globally to achieve a green and sustainable digital future aligned with UN SDG goals.
Sterlite Technologies Limited Registered office: 4th Floor, Godrej Millennium, Koregaon Road 9, STS 12/1, Pune, Maharashtra- 411 001, India. CIN - L31300PN2000PLC202408
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STL has a presence in India, Italy, the UK, the US, China and Brazil. Read more, Contact us
For more information, contact:
Media Relations Agency Contact Investor Relations Khushboo Chawla Guneet Kaur Pankaj Dhawan Phone: +91. 9711619114 Phone: +91-8968909392 Phone: +91. 8130788887 [email protected] [email protected] [email protected]
Sterlite Technologies Limited Registered office: 4th Floor, Godrej Millennium, Koregaon Road 9, STS 12/1, Pune, Maharashtra- 411 001, India. CIN - L31300PN2000PLC202408