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Sterlite to acquire 12.8% stake in 5G virtual Radio Access Innovator ASOCS

Capital Market 

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.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 09 2020. 16:36 IST
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