STL ready for growth; proclaiming a solid victory in new markets, accelerating investment in 5G

AsiaNet 94143 (0156)

[Mumbai (India) January 19, 2022 PR Newswire = Kyodo News JBN]

* Establishing a new foundation for the optical business in the United States with an order of 3 billion rupees

* Establishing a new revenue source for "optical interconnect" by receiving orders worth 7 billion rupees

STL (NSE: STLTECH), an industry-leading digital network integrator, has announced its quarterly financial results for the quarter ended December 31, 2021. With a centralized global expansion strategy, STL secured a solid order of Rs 117 billion and recorded revenue of Rs 13.6 billion.

The STL has made some bold bets over the past few quarters to drive aggressive growth in the creation of the network over the last decade. The company confirmed that much of its strategic investment was converted into large-scale returns and new technologies were commercialized. At this critical point towards scalability, the STL has hired a global business builder as CEO of the optical, wireless, services, and software businesses. STL has also set the course for becoming a "net zero" company by 2030 and launched an integrated 5G service to meet global demand.

▽ Strategic investment generates profits

* “Optical interconnects” generate significant profits-STL has made great strides in this new product line of optical interconnects, has won multi-year contracts throughout Europe, and has been valued at a cumulative value of over Rs. 7 billion. The company also expanded its footprint in the United States with 5G-enabled optical products and won new orders of Rs 3 billion.

* Scale of "system integration" in the UK-The company has also made some progress in its "integration" business, expanding its talent base to more than 150 employees and 20 strategic partners. This will significantly enhance the STL's fiber deployment capabilities in the United Kingdom.

* New markets provide greater traction-With a global expansion strategy, STL has grown its business in key markets, with approximately 41% in Europe and the Middle East and approximately 12% in the Americas.

A new technology venture ready to scale

* 5G portfolio becomes market-ready (commercialization) -The "5G wireless" solution, which pioneered the company's $ 5 billion target addressable market, made significant progress in the quarter and approached revenue generation. In the same quarter, the company announced a "general availability" of its small indoor cell (Garuda) and programmable FTTx products. STL has also won pilot orders for small indoor cells using ASOCS, increasing the number of wireless engineering personnel to more than 300.

Since the last few quarters, STL has been focusing on an integrated solution model. This strategy is now paying off, and the company has achieved an integrated order for optical solutions and deployment to major companies across the UK and India. The STL realized these strategic pillars and continued to build intellectual property throughout the business. The company filed 41 new patents in the quarter, bringing the number of patents worldwide to 678.

▽ Main financial results for the third quarter of the 22nd fiscal year (unit: 1 billion rupees)

* Order: 117

* Revenue: 13.6

* EBITDA: (0.35)

* PAT: (1.37)

Ankit Agarwal, Managing Director of STL, was pleased with the network creation over the last decade and said: "With some fundamental strategic shifts, STL is making rapid progress towards our ambition to build digital networks for the future globally. We are moving through optical and wireless networks as a whole. Brings together extremely ambitious and reliable leadership and deep technical expertise. In the near future, we will provide cutting-edge solutions in the areas of 5G, FTTx, Rural Connectivity and number through digital networks. I am confident that it will change the lives of billions of people. "

▽ About STL

STL is an industry-leading digital network integrator helping carriers, cloud companies, citizen networks, and large enterprises deliver superior experiences to their customers.

See (https://www.stl.tech/) for details.

For inquiries, please contact (https://www.stl.tech/press_release.html).

stl.tech (https://www.stl.tech/), Twitter (https://twitter.com/STL_tech),

LinkedIn (https://www.linkedin.com/company/sterlite-technologies-ltd-/),

YouTube (https://www.youtube.com/channel/UCZFZ0whG9iCj6GErP3hrtBw)

Photo: https://mma.prnewswire.com/media/1729613/5G_Portfolio.jpg

Logo: Logo:

https://mma.prnewswire.com/media/876464/Sterlite_Technologies_STL_New_Logo.jpg

Source: Sterlite Technologies Ltd. (STL)