STL deepens partnership with Vocus |
STL recently announced another milestone in its partnership with Vocus Group, a specialist fibre and network solutions provider in Australia. The new multi-year partnership will see increased usage of STL’s ultra-slim profile Micro TM cables in Vocus’ network, along with STL’s flagship Stellar TM fibre, the world’s first bend-resilient fibre with backward compatibility to fibre found in legacy networks. |
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STL reports ~INR 900 Cr orders in FY24 from fiberisation projects in India |
STL announced that it has been awarded orders worth ~INR 900 crore in FY24 to provide integrated optical solutions to the leading service providers in the country. In the process, STL, through its advanced Optical solutions and Smart Fibre Deployment services, will support service providers in bringing high-speed connectivity to Indians in more than 20 states |
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STL showcased Glass to Gigabit connectivity at FTTH Conference 2024 |
STL showcased its Glass to Gigabit capability at one of Europe's most prestigious industry events – FTTH Conference 2024 in Berlin, Germany. STL’s Glass to Gigabit capability showcase encompasses the company’s integrated capability to manufacture optical products – starting from its own glass preform to optical connectivity products, highlighting its commitment to building advanced optical fibre networks across Europe |
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Investor confidence soars in STL; raises INR 1000 Cr through QIP |
Investors are eagerly optimistic about STL's growth trajectory, particularly as we look towards FY25 and beyond. The company has raised INR 1000 cr through a Qualified Institutional Placement (QIP) route. The entire process saw healthy participation by highly reputed global investors, which is a testament to their confidence in STL. |
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India’s DoT launches experimental license for 5G use-case labs |
India’s Department of Telecommunications (DoT) reportedly announced on Friday that it has launched an experimental license module that will allow its established 5G labs across India to test 5G use cases. The DoT has set up 5G use case labs within 100 institutes across the country with the objective of building competencies and engagement in 5G technologies for students and startup communities. |
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How top-performing companies approach digital transformations |
While organisations have made massive tech-driven changes over the past two years, they have captured much less value than they initially expected: 89% of large companies globally have a digital and AI transformation journey underway, but they’ve captured only 31% of expected revenue lift and 25% of expected cost savings. |
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