Tejas Networks hits new high after partner rolls out broadband services in Italy

Tejas Networks rallied 7.3 percent to touch a new high of Rs 939 on BSE on October 18 morning after it announced that its Italian partner, FibreConnect, rolled out broadband services in that country that was built using its telecom and networking products.

Tejas was the sole supplier of optical networking and broadband access products for FibreConnect’s country-wide FTTP (fiber-to-the-premise) rollout, the company said in an exchange filing on October 17.

FibreConnect is a wholesale telecom infrastructure player in Italy.

Renzo Ravaglia, Executive Chairman and CEO of FibreConnect said, ”FibreConnect is thrilled to partner with Tejas Networks on this transformative network rollout that seeks to bridge the digital divide for small & médium businesses in Italy and extend the benefits of high-speed connectivity to unserved businesses and industries across the country through its ISP partners. Tejas Networks’ innovative solutions such as their business-grade Type-C protection switching on ONTs, 2.5G GPON ONTs, converged ”swiss-knife” architecture for multiservice access, and novel interplay of PTN and OTN technologies in the backbone are enabling us to deliver the highest level of service to our customers in a cost-effective manner. In spite of challenging macro-economic headwinds, Tejas Networks fully met our expectations of timely deliveries, high quality, and prompt customer support to successfully get this network up and running as per committed deadlines.” Mr. Anand Athreya, Chief Executive Officer and Managing Director of Tejas Networks said, ”We are delighted that FibreConnect chose to build the complete network in Italy using our carrier-class optical and broadband access products

Tejas Networks

ABOUT COMPANY

Tejas Networks Ltd is a global R&D-driven telecom equipment company headquartered in India. It designs, develops and manufactures high-performance optical and data networking products that are used by telecom service providers, utilities, government and defense networks

 

 

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