-0.15 (0.00%) L&T Technology Services (LTTS) has executed a definitive agreement to acquire 100% stake in Orchestra Technology, a specialist technology solutions provider for the Telecom industry. This acquisition will enable LTTS to strengthen its footprint in the Telecom OEM and Service Provider space.
Orchestra's capability in enabling OEM's and Service Providers manage and optimize network performance will form a key differentiator as 5G rollouts take off across geographies. Orchestra's flagship tool infrastructure will provide a key differentiator for LTTS to expand their services and provide valuable asset to end customers. Also, Orchestra will help bolster LTTS investments as part of open network forums ONF and TIP across key elements of 5G like ORAN, Private Networks, NBIoT.
L&T Technology Services is a listed subsidiary of Larsen & Toubro Limited focused on Engineering and R&D (ER&D) services.