Sterlite Tech Ltd (STL) rose to an intraday high at Rs.166.80, up over 6% and is now trading at Rs.163 levels, up some 4%.
The company has signed a partnership with Bharti Airtel, to build a modern optical fibre network for Airtel across 10 telecom circles.
This modern optical network will enable Airtel to deliver better customer experience through enhanced scalability, reduced latency, and improved bandwidth.
The densely fiberized, future-ready network, will also form the foundation for many next-gen services such as 5G, Fibre-to- the-Home (FTTH), Internet of Things ( IoT), enterprise networks, and Industry 4.0.
STL has been a long-term partner to Airtel in the optical connectivity space and in this project, STL will closely work with Airtel to design and build a network for better connectivity.
No financial data on this partnership has been shared.