Sterlite Technologies gains on unveiling pFTTx solution at ONF Connect 2019

Sterlite Technologies is currently trading at Rs. 141.65, up by 0.40 points or 0.28% from its previous closing of Rs. 141.25 on the BSE.

The scrip opened at Rs. 142.80 and has touched a high and low of Rs. 145.00 and Rs. 141.45 respectively. So far 10584 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 399.00 on 01-Nov-2018 and a 52 week low of Rs. 96.65 on 23-Aug-2019.

Last one week high and low of the scrip stood at Rs. 145.15 and Rs. 120.30 respectively. The current market cap of the company is Rs. 5693.99 crore.

The promoters holding in the company stood at 53.83%, while Institutions and Non-Institutions held 12.91% and 33.26% respectively.

Sterlite Technologies has unveiled its programmable FTTx (pFTTx) solution for fiber-based access connectivity at ONF (Open Networking Foundation) Connect 2019 held at Santa Clara, California.

With the pFTTx announcement, the company becomes one of very few companies in the world to have a software defined network (SDN) solution for access connectivity. Built on ONF’s open reference design called SEBA (Software-defined networks Enabled Broadband Access), STL has developed the pFTTx solution in partnership with ONF, other open communities, and open network hardware partner Edgecore Networks.

Sterlite Technologies is a global technology leader that designs, builds and manages smarter digital networks. Sterlite Tech engages with customers in more than 100 countries, with a digital web-scale offering across products, services and software.

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