Sterlite Technologies Limited on Wednesday announced a strategic partnership with US-based Lumos to jointly develop fiber and optical connectivity solutions in the Mid-Atlantic region.
It is designed to significantly reduce installation time by reducing on-site installation skills while introducing modularity into the network design, it said in an exchange filing.
“To build our large-scale 100% fiber network, we rely on a trusted partner with the latest fiber technology, local presence, and fast delivery,” said David Smith, chief network officer at Lumos. Most important.” “We believe STL will be a great partner to provide our customers with world-class, seamless fiber connectivity.”
Commenting on the initiative, Paul Atkinson, CEO of STL’s Optical Networking business, said: “Lumos’ ambition is to build on our broader ambitions to change billions of lives by connecting the world. “It is perfectly aligned with purpose. Our optical products create a combination of advanced fiber optic and fiber optic technologies.” We are confident that with Lumos’ support we will be able to create value on this project of national importance. ”
Starlight Technologies Limited’s share price rose 9%; INR146 in Wednesday afternoon trading. As of 1 p.m., the scrip was trading as follows: INR144.85 on NSE, up 7.74% from the previous closing price. Last month, the stock rose 3% on the stock exchange.
