Sterlite Technologies zooms on expanding partnership with Netomnia

10 Feb 2022 Evaluate

Sterlite Technologies is currently trading at Rs. 218.80, up by 12.65 points or 6.14% from its previous closing of Rs. 206.15 on the BSE.

The scrip opened at Rs. 206.55 and has touched a high and low of Rs. 219.85 and Rs. 205.45 respectively. So far 223399 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 318.00 on 22-Jul-2021 and a 52 week low of Rs. 172.85 on 12-Feb-2021.

Last one week high and low of the scrip stood at Rs. 221.95 and Rs. 203.60 respectively. The current market cap of the company is Rs. 8644.83 crore.

The promoters holding in the company stood at 54.20%, while Institutions and Non-Institutions held 14.09% and 31.71% respectively.

Sterlite Technologies (STL) has expanded its partnership with Netomnia, one of the fastest growing network operators in the United Kingdom. According to the multi-city agreement, STL will provide integrated network deployment services to help Netomnia grow its Ultrafast Full-Fibre broadband programme in the United Kingdom.

STL brings to the deal more than 10 years and 35,000 kms of network deployment experience. Having led large-scale rollouts across tough terrains in India, the company leverages design-led planning, gets professionally trained manpower to the field and uses advanced deployment techniques to the fibre deployment process. These capabilities will enable Netomnia to achieve rapid scale in delivering home passes and ultimately realise reduced Total Cost of Ownership. The collaboration will greatly contribute to the high-speed broadband revolution of the UK led by exciting new-age players such as Netomnia.

Sterlite Technologies is an industry-leading integrator of digital networks.

Sterlite Technologie Share Price

111.65 0.65 (0.59%)
10-Jan-2025 16:59 View Price Chart
Peers
Company Name CMP
Polycab India 6537.30
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Sterlite Technologie 111.65
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