MoneyWorks4Me

Sterlite Technologies’ arm to acquire stake in ASOCS

09 Jan 2020 Evaluate

Sterlite Technologies’ (STL) wholly owned subsidiary -- Sterlite Global Venture (Mauritius) has entered into definitive agreements to acquire 12.8% stake (on issued and outstanding basis) in ASOCS, a vRAN technology company based out of Israel. The privately held company is a pioneer in virtual Radio Access Networks (vRAN) and a provider of fully virtualized, NFV-compatible virtual Base Station solutions for Enterprise and Telco-Networks.

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.

Peers
Company Name CMP
Polycab India 8400.00
KEI Industries 4679.50
RR Kabel Ltd. 2527.00
Finolex Cables 1460.40
Precision Wire India 502.25
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