Sterlite Technologies secures new orders worth Rs 1500 crore

Sterlite Technologies has secured new orders worth Rs 1500 crore in 2020 so far. These orders have ranged from continued business development in its core areas of optical connectivity solutions and network services to emerging areas such as software virtualization.

In early 2020, network creation capital expenditure has been accelerated by major European, Middle East, Africa and South East Asian network creators. As STL has strategically invested in these markets it has disproportionately benefited by this acceleration, driving over 65% of Connectivity revenues from these international geographies. Alongside this, in India, the rural broadband projects are moving to the next phase of digital infrastructure buildout in leading states like Telangana, Maharashtra and Madhya Pradesh. This is coming after a year of relatively slow growth in data network infrastructure buildout.

Powered by Capital Market - Live News