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Tejas Networks rises on partnering with FibreConnect to deploy optical network in Italy
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Tejas Networks is currently trading at Rs. 881.00, up by 5.45 points or 0.62% from its previous closing of Rs. 875.55 on the BSE.
The scrip opened at Rs. 884.45 and has touched a high and low of Rs. 939.90 and Rs. 881.00 respectively. So far 77993 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 939.90 on 18-Oct-2023 and a 52 week low of Rs. 510.05 on 30-Jan-2023.
Last one week high and low of the scrip stood at Rs. 939.90 and Rs. 865.90 respectively. The current market cap of the company is Rs. 15033.90 crore.
The promoters holding in the company stood at 55.92%, while Institutions and Non-Institutions held 15.14% and 28.94% respectively.
Tejas Networks and FibreConnect have partnered to successfully deploy an end-to-end optical network in Italy. It is the sole supplier of optical networking and broadband access products for FibreConnect’s country-wide FTTP (fiber-to-the-premise) rollout, ranging from DWDM/PTN/OTN for Core to xPON and Ethernet for Access. Based on a unique business model built around partnerships with regional and retail ISPs (Internet Service Providers), FibreConnect targets industrials areas in Italy which currently lack broadband infrastructure to support the Italian government’s ‘Transition 4.0’ plan to promote the digital transformation of its manufacturing sector.
As a part of this contract, Tejas Networks has deployed its full-range of products including its versatile TJ1400UCB, integrating GPON/XGS-PON, Fixed LTE and PTN technologies for Access and Aggregation, multi-terabit TJ1600 OTN/DWDM systems for Metro and Backbone, and feature-rich TJ2100 series of ONTs for business and industrial premises. The complete network is being managed using TejNMS, the company’s universal, multi-technology network management system coupled with an advanced service orchestration solution to deliver an agile, resilient and future-proof network for FibreConnect.
Tejas Networks designs, develops and sells high-performance and cost-competitive networking products to telecommunications service providers, internet service providers, utilities, defence and government entities.
