Sterlite Tech (STL), a global data networks innovator, announced an investment in ASOCS, a developer of open, disruptive and virtualized Radio Access Network (vRAN) solutions, delivering 4G and 5G for cellular networks.
Currently, the stock is trading at Rs127.90 up by Rs3.65 or 2.94% from its previous closing of Rs124.25 on the BSE.
As a part of the overall transaction, STL has acquired a 12.8% stake in the company (on an issued and outstanding basis) and Board representation, the company said in the filing on Thursday.
With the partnership between STL - a global leader in Optical networks design and deployment, and ASOCS - a new generation virtualization solution for radio, STL can develop and offer best in class next-generation converged data network solutions, for its Enterprise and Telco customers globally.
ASOCS is a pioneer in virtual Radio Access Networks (vRAN) and a provider of fully virtualized Base Station solutions for Enterprise and Telco-Networks. STL and ASOCS will partner in creating cutting edge solutions that will address the rollout of 5G networks. The future of RAN is evolving to commercial off-the-shelf IT hardware and Open Standards compliant radios which will allow carriers and their customers to enjoy new levels of performance and reliability for delivering mission-critical tasks and localized private networks. It will also allow them to derive benefits of advanced technologies involving AI and analytics across all mobile use cases.
“Open RAN architecture and virtualisation are key to building software-centric networks to meet the exploding demands of networks of tomorrow. The joint solution of STL and ASOCS will empower Mobile Network Operators to build best in class networks and enable them to build vendor-neutral, autonomous mobile networks using 5G radio, SDN, NFV and AI Technologies. We are incredibly excited to invest in ASOCS and believe that the partnership will enable STL and ASOCS to bring end-to-end capabilities for a converged network (i.e. both wireless and wireline) to market. Together, we can offer full-stack solutions to Enterprise and Telco customers, including STL’s services and system integration capabilities” said Dr Anand Agarwal, Group CEO STL.
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