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Sterlite Tech bags Rs 250 crore deal from a telecom company

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Tuesday said it has won a multi-year optical fibre deal worth Rs 250 crore from a leading Indian telco to deploy an optical fibre network across nine telecom circles.

India’s data demand is growing and dense fiberisation is the need of the hour, STL said in a statement. In this nationwide project, STL will provide a pre-integrated suite of optical fibre cables comprising armored, duct and

complying with varied deployment scenarios and integration services, the company said.

“STL and the telecom service provider have been long-term partners in the optical connectivity space. In this project, STL will collaborate with the service provider to develop and build a competent network for India,” said Praveen Cherian, chief executive of STL Global Services.

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