Tejas Networks announced that Sanjay Nayak, Co-founder, Chief Executive Officer(CEO) and Managing Director (MD) has expressed his desire to take retirement and pursue other personal interests. The Board of Directors has considered his request and accepted the same. The Board has also approved the appointment of Anand Athreya as the CEO & MD designate of…
Tejas Networks announced that it has signed definitive agreements to acquire 64.40% of shares of Saankhya Labs Private Ltd. Bangalore (Saankhya) for INR 283.94 Cr in cash. The initial acquisition of Saankhya shares is expected to close within the next 90 days. Tejas Networks, upon procuring all necessary consents and approvals, also intends to proceed…
Tejas Networks announced that it has been selected by Bharti Airtel to enhance Airtel’s optical network capacity in key metropolitan markets. 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…
Tejas Networks announced that it has executed definitive agreements with Panatone Finvest Limited (Panatone), a subsidiary of Tata Sons Private Limited (TATA), which will entail: a) Preferential allotment of 1.94 crore equity shares at a price per equity share of INR 258 per share aggregating to INR 500 crore; b) Preferential allotment of 3.68 crore warrants, each carrying a right…
Tejas Networks announced that C3ntro Telecom, a leading wholesale carrier based in Mexico, has chosen to expand existing partnership with Tejas Networks for the upgrade of its high-speed Backbone and Broadband network. Based in Mexico City, C3ntro Telecom is the operator of choice for advanced data connectivity, international voice and SMS. C3ntro will deploy Tejas’…
Tejas Networks announced that it has received a purchase order of Rs 66 crores from L&T Construction, to supply its GPON based fiber-broadband products and high-performance Metro Ethernet switches for Indian defence network project. The order was received during last quarter and the first set of supplies have started this quarter. Larsen & Toubro (L&T)…
Tejas Networks has announced that it has signed a Memorandum of Understanding (MoU) with Bharat Electronics Limited (BEL), India’s premier defence solution provider. The MoU envisages strategic cooperation, covering the use of Tejas’ optical transmission, access and data-switching products for domestic and export markets by jointly capitalising on the emerging opportunities in defence communication, strategic…