Bharti Airtel stock hits new high, Tejas Networks clock 5% upper circuit on joining hands for optical network expansion

The enhanced capacity will enable Airtel to deliver a superior experience to its customers as data consumption in India grows rapidly.

Sep 24, 2021 12:09 IST India Infoline News Service

Both Bharti Airtel and Tejas Networks were in the fast lane on Friday's trading session with the former clocking new record highs and the latter freezing at the upper circuit level. The sharp rally comes after when Airtel selected Tejas Networks to enhance its optical network capacity in key metropolitan markets.

Randeep Sekhon, Chief Technology Officer of Bharti Airtel said, “Airtel has been making significant investments in expanding its metro network capacity as part of its 5G readiness and for catering to increased bandwidth consumption by fixed-line and enterprise customers. We are delighted to partner with Tejas in this key network intervention that will enable us to deliver world-class experience to our customers.”

Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We are delighted to expand our decade-long partnership with Airtel, which has established itself as one of the premier telecom service providers in the world. Under this new contract, we will provide our multi-terabit TJ1600 DWDM/OTN products to augment Airtel’s metro network capacity right up the network edge. We are happy to see that our TJ1600 platform, with its “pay-as-you-grow” modular design supporting 100Gbps to 600Gbps wavelengths and a universal OTN/DWDM architecture offering advanced bandwidth expansion and optimization, is gaining significant traction among leading telecom service providers around the globe.”

Under the deal, Tejas will supply, install and support its state-of-the-art TJ1600 DWDM/OTN products for extending Airtel’s optical networks towards the edge, supporting 5G backhaul, B2B services and broadband applications.

The enhanced capacity will enable Airtel to deliver a superior experience to its customers as data consumption in India grows rapidly.

At around 12.30 pm, Bharti Airtel was trading at Rs748.45  per piece up 3.06% on Sensex. The stock has hit a new all-time high of Rs752.65 per piece earlier today.

Meantime, Tejas traded at the upper price band of Rs435.50 per piece rising by 4.99% on Sensex.

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