Bharti Airtel buys around 25% stake in startup Lavelle Networks

Telecom operator Bharti Airtel on Monday announced an agreement to acquire about 25 per cent equity stake in Bengaluru-based technology startup Lavelle Networks. Further, ASM Technologies, a global technology engineering and product development services provider, has done a follow on investment in Lavelle Networks.

In a statement on Monday, Airtel announced the acquisition of about 25 per cent strategic stake in SD-WAN startup Lavelle Networks but did not disclose financial details about the deal that entails a cash consideration.

Lavelle Networks specialises in software-defined Wide Area Network (WAN) solutions and it serves a range of industry segments.

"As more enterprises move to cloud-based