Cyient stock jumps 2% after emerging as Major Contender in Everest Group PEAK Matrix for 5G Engineering Services

The report highlights Cyient's focused investments in partnerships and solutions that strengthen public and private 5G core and access networks.

Oct 26, 2021 11:10 IST India Infoline News Service

Cyient
Cyient has been named a Major Contender in the Everest Group PEAK Matrix for 5G Engineering Services. The report highlights Cyient's focused investments in partnerships and solutions that strengthen public and private 5G core and access networks. The report also notes its commitment toward developing strong capabilities in next-generation operations support systems (OSS) and network automation, with strengths in network infrastructure services, network operations, and maintenance.

"We combine decades of network design experience with the latest technologies like digital twin, geospatial intelligence, and hyper-automation to offer a unique proposition. Our contribution to the rollout of 5G networks has been commended for its technical prowess and execution efficiency. We imbibe technology through partnerships, in-house development, academia, and industry collaborations with associations such as TM Forum and UBBA. This recognition from Everest is a reflection of our strong vision, capabilities, technology expertise, and the resultant market success." said Prabhakar Atla, SVP & Business Head, Communications and Utilities, Cyient.

Akshat Vaid, Vice President, Engineering Services, Everest Group said, "Cyient is positioned as a Major Contender in Everest Group's 5G Engineering Services PEAK Matri Assessment 2021. It differentiates itself through its strengths in network infrastructure operations and maintenance, which have helped it become a strong player with Telecom Service Providers (TSPs) and engineering enterprises supporting TSPs."

Cyient's Communications business has been delivering Intelligent Infrastructure, Smart Operations for telecom service providers, and Network Transformation for enterprises across industries globally.

At around 11.48 am Cyient was trading at Rs1104.40  per piece up 2.16% on Sensex. 

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