Share price of Tejas Networks gained more than five per cent on Thursday, September 23, after telecom giant Bharti Airtel selected the optical, data networking products company for its optical network capacity expansion in metropolitan markets.
Tejas Networks will be responsible for the supply, installation, and support of its ''TJ1600 DWDM/OTN'' products for expanding Airtel's optical networks towards supporting B2B services, 5G backhaul, and broadband applications, according to a regulatory filing by the company to the stock exchanges today.
Under this new contract, we will provide our multi-terabit TJ1600 DWDM/OTN products to augment Airtel's metro network capacity right up the network edge,'' said Mr. Sanjay Nayak, Managing Director and CEO, Tejas Networks.
''...our TJ1600 platform, with its “pay-as-you-grow” modular design supporting 100Gbps to 600Gbps wavelengths and a universal OTN/DWDM architecture offering advanced bandwidth expansion and optimization, is gaining significant traction among leading telecom service providers around the globe,'' added Mr Nayak.
With the completion of the project, the network capacity expansion will allow Bharti Airtel to deliver a better experience to its customers as data consumption in the country grows rapidly.
“Airtel has been making significant investments in expanding its metro network capacity as part of its 5G readiness and for catering to increased bandwidth consumption by fixed-line and enterprise customers,'' said Mr. Randeep Sekhon, Chief Technology Officer (CTO), Bharti Airtel.
On Thursday at 11:57 am, shares of Tejas Networks were trading five per cent higher at Rs 414.80 apiece on the BSE.
Tejas Networks develops, designs and sells high-performance networking products to internet service providers, telecommunications service providers, defence, utilities, and government entities in more than 75 countries.