Sterlite Technologies Limited on Wednesday announced a strategic partnership with US-based Lumos to co-create fiber and optical connectivity solutions in the mid-Atlantic region.
designed to significantly reduce installation time by de-skilling field installation while bringing modularity into the network design, it said in an exchange filing.
“In building out our large scale 100% fiber optic network, reliable partners with the latest fiber technology, local presence, and fast delivery are paramount,” said David Smith, Chief Network Officer at Lumos. “I believe STL will be a great partner to help us deliver world-class, seamless fiber connectivity to our customers.”
Commenting on this engagement, Paul Atkinson, CEO of Optical Networking Business, STL said: “Lumos’ ambition perfectly aligns with our larger purpose of transforming billions of lives by connecting the world. Our optical products bring forth a combination of advanced fiber optic technology and a faster go-to-market. We are confident that with Lumos’ support, we will be able to create value in this project of national importance.”
Shares of Sterlite Technologies Limited rallied 9% to ₹146 during Wednesday’s afternoon trade. At 1 pm, the scrip was trading at ₹144.85 on the NSE, up 7.74% from the previous close. In the last month, the stock has risen 3% on the bourses.
Tyler Fields is your internet guru, delving into the latest trends, developments, and issues shaping the online world. With a focus on internet culture, cybersecurity, and emerging technologies, Tyler keeps readers informed about the dynamic landscape of the internet and its impact on our digital lives.
