STL revenues up 17%; progressing towards global optical leadership

STL is progressing towards becoming one of the top 3 optical players globally. Expressing confidence on the company's growth trajectory, Ankit Agarwal, Managing Director, STL said,"The world has now recognised broadband as a basic necessity. 5G, FTTH, and Rural connectivity efforts are all coinciding to connect the remaining 40% of the world. Fiberisation is going to be front and centre in this decade of network creation and STL is fully prepared to meet this demand with global capacities, great talent and technology-led solutions. We are constantly innovating to build these networks fast and in the most sustainable way."

LONDON, 04/11/2022 (informazione.it - comunicati stampa - telecomunicazioni)

STL is progressing towards becoming one of the top 3 optical players globally. Expressing confidence on the company's growth trajectory, Ankit Agarwal, Managing Director, STL said,"The world has now recognised broadband as a basic necessity. 5G, FTTH, and Rural connectivity efforts are all coinciding to connect the remaining 40% of the world. Fiberisation is going to be front and centre in this decade of network creation and STL is fully prepared to meet this demand with global capacities, great talent and technology-led solutions. We are constantly innovating to build these networks fast and in the most sustainable way."

Some key performance highlights

Key financial highlights

STL continued the positive momentum while focusing on prudent capital allocation and profitability. The company recently divested IDS - a UK-based niche data centre player to rebalance its portfolio.

STL revenues up 17%; progressing towards global optical leadership

Commenting on STL's performance, Ankit Agarwal, Managing Director, STL, further added, "We hold our purpose of transforming billions of lives very close to our hearts and are very excited about this opportunity to connect the unconnected. This quarter saw one of the highest order intakes of USD ~408 Mn. I really want to congratulate the entire team for delivering such a strong performance in a complex operating environment. There is good traction for our solutions and we believe that our focused efforts will create stakeholder value and bring us closer to being amongst the top 3 optical players globally."

About STL - Sterlite Technologies Ltd:

STL is one of the industry's leading integrators of digital networks that helps telecom service providers, cloud companies, citizen networks and large enterprises deliver enhanced experiences to their customers. Read more, Contact us. stl.tech |Twitter | LinkedIn | YouTube

¹ Source: CRU
² Source: STL estimates

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