Sterlite Tech gains on becoming O-RAN alliance contributor to build near real time controllers for 5G

25 Feb 2019

Sterlite Technologies is currently trading at Rs. 248.40, up by 2.80 points or 1.14% from its previous closing of Rs. 245.60 on the BSE.

The scrip opened at Rs. 248.35 and has touched a high and low of Rs. 251.90 and Rs. 243.25 respectively. So far 116170 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 399.00 on 01-Nov-2018 and a 52 week low of Rs. 181.00 on 12-Feb-2019.

Last one week high and low of the scrip stood at Rs. 251.90 and Rs. 211.00 respectively. The current market cap of the company is Rs. 9853.28 crore.

The promoters holding in the company stood at 53.83%, while Institutions and Non-Institutions held 18.28% and 27.88% respectively.

Sterlite Technologies will be contributing to the O-RAN Alliance, a global carrierled consortium that promotes software-based, extensible Radio Access Network (RAN). Building on a foundation of virtualised network elements and standardised interfaces that fully embrace higher levels of embedded intelligence and openness, the company will contribute to and leverage reference designs developed by the O-RAN Alliance, such as their open-source code to build a near real-time controller and distributed units, with white box hardware.

The company will work with the community to develop curated and hardened O-RAN based solutions. They will also contribute code and results from field trials for 5G technology. The Company’s plans include testing these solutions at Sterlite Networks, a fully operational carrier-neutral telecommunications network, to establish field readiness in a carrier-grade environment. This unique approach will help Sterlite Tech’s carrier customers ascertain certification and conformance to the O-RAN Alliance specifications and accelerate their time to market.

Sterlite Technologies is a global technology leader that designs, builds and manages smarter digital networks. Sterlite Tech engages with customers in more than 100 countries, with a digital web-scale offering across products, services and software.

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