Sterlite Technologies has signed a long-term contract worth around $288 million with a Leading hyperscaler. The contract includes the allocation of high-density optical fibre cable products to be supplied as per customer specification in each Calendar Year (CY) starting from 2027 to 2029; purchase orders will be released periodically during the contract period; and the agreement establishes a reciprocal risk-sharing framework by defining mutual, capped financial liabilities for both parties in the event of demand shortfalls or supply capacity shortages.
The contract is to be executed over a period of three calendar years (CY27-29), which can be extended by further two years with mutual consent of the parties.
Sterlite Technologies is one of the industry's leading integrators of digital networks providing All-in 5G solutions.
