Showing posts with label STL. Show all posts
Showing posts with label STL. Show all posts

Thursday, September 2, 2021

STL appoints Paul Atkinson as CEO of its optical business

STL, an industry-leading integrator of digital networks, has appointed Paul Atkinson as the Chief Executive Officer for its Optical Networking Business, replacing Ankit Agarwal, who has played a crucial role in STL's global expansion in the Optical business. Agarwal widened the portfolio with the acquisition of Optotec & Metallurgica Bresciana and increased STL's scale and presence in Italy, UK, US, Brazil and China. Agarwal will now focus on driving the strategy and growth across STL. 

Before STL,  Atkinson was the Managing Director and Group CEO at IXOM, Australia. Prior to IXOM, Paul was associated with the Prysmian Global for over 20 years as the CEO of affiliates and regions across the world. 


Commenting on this development, Dr. Anand Agarwal, Group CEO, STL, said: "Optical connectivity and networks have always been our core and with Ankit at the helm, we have passionately put this business on the global map. I look forward to partnering with Ankit in the strategic growth of the company. I welcome Paul and wish him the best. I am confident that with his exceptional global experience, he will take the Optical Networking business to the next level."


Tuesday, August 3, 2021

STL collaborates with Facebook Connectivity on Evenstar radio units

STL is collaborating with Facebook Connectivity to design and develop 4G and 5G radio products as part of the Evenstar program, which is a collaborative effort led Facebook Connectivity  to accelerate the adoption of Open RAN technology. 

Through this collaboration, STL will build two advanced, high-power macro radio products. The first one is an O-RAN compliant radio providing higher capacity for dense deployments. As part of this engagement, STL will also develop an O-RAN compliant 4G+5G Dual Technology Radio that supports both technologies individually or/and concurrently. These 3GPP and O-RAN compliant radio products will be developed over the next year and will enable telecom operators around the world to scale up commercial deployments of open networking infrastructure and prepare their networks for Open RAN 5G.

Commenting on this collaboration, Chris Rice, CEO Access Solutions Business, STL, said, "We are delighted to support and contribute to the Evenstar program to develop 3GPP and O-RAN compliant radio products. Through this collaboration, STL extends its existing commitment towards creating a robust, open and disaggregated, access network ecosystem. By enabling  an open networking infrastructure through efforts like this one, we are enabling global telecom service providers to take the power of 5G technology to billions of people worldwide at lower cost points."

https://www.stl.tech/

Thursday, July 22, 2021

STL acquires Clearcomm for FTTx integration expertise

STL (Sterlite Technologies Ltd) has acquired Clearcomm Group Ltd, a UK-based network integration company. The transaction is structured to acquire 100% of the share capital in 2 tranches. Tranche 1 entails acquisition of 80% of the share capital which will happen immediately (subject to customary pre-closing conditions), and is based on an Enterprise Value of GBP 15.5 million. The balance 20% shareholding will be acquired in 2023.

Clearcomm is a privately held company that provides end-to-end network integration solutions and capabilities in the UK, including for large-scale FTTx projects. The company claims revenues in the range of GBP 20 million and growth rates of over 25% over the past 3 years. 

STL said the deal will enhance the presence of its Network Integration solutions across UK and Europe.

Welcoming Clearcomm on board, Dr Anand Agarwal, Group CEO, STL said, "As digital infrastructure investments are increasing across the globe, STL is globalising its System Integration solutions to help build these advanced networks. With the addition of Clearcomm's network integration expertise to STL's Optical Connectivity and Data Centre integration capabilities, we are uniquely positioned to help our customers deliver the most advanced, deep-fiberised digital networks."

https://www.stl.tech/