Sterlite Global Venture (Mauritius), a wholly owned subsidiary of Sterlite Technologies, has entered into definitive agreements to acquire 12.8% stake (on issued and outstanding basis) in Israel based ASOCS, developer of open, disruptive and virtualized Radio Access Network (vRAN) solutions, delivering 4G and 5G for cellular networks.
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.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)