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Mexico's GigNet selects Tejas Networks for its Metro Optical network in Cancun

Posted On: 2021-03-04 20:34:22 (Time Zone: Arizona, USA)


Tejas Networks [BSE: 540595, NSE: TEJASNET] today announced that GigNet, a leading digital infrastructure company in Mexico, has selected the company's optical networking and broadband access products for their state-of-the-art, high-capacity fiber optic network expansion in the Cancun region of Mexico.

GigNet is a premier digital infrastructure company with a comprehensive digital services portfolio of Internet, WiFi, fiber-to-the-home, and other advanced solutions for hospitality and enterprise customers in Mexico. To support the rapid growth of GigNet's "Smart Communities" business segment for planned developments across the region, Tejas Networks will supply its full range of last-mile access products based on GPON/NG-PON fiber broadband technology, ultra-converged packet aggregation products based on MPLS-TP/PTN technology, and terabitscale optical backbone products based on OTN/DWDM technology, all centrally managed by a universal and versatile SDN-ready network management system (NMS).

Paul A. Moore, Chairman & CEO of GigNet said, "GigNet prides itself for being the broadband provider of choice for sophisticated business customers and developers in Mexico demanding the strictest reliability, quality and service-level guarantees. GigNet has ambitious plans in Cancun and Riviera Maya as the leader in the digital transformation for enterprises, residential developers and service providers seeking high-speed connectivity and access to services such as streaming, cloud services, social media, biometric security, and data analytics. We selected Tejas for their innovative, software-defined hardware™ architecture that enables extreme service agility and seamless feature upgrades to new technologies, to help us maintain our competitive advantage. They have also demonstrated outstanding technical support capabilities locally in Mexico and have been very responsive to our rapidly accelerating customer installations."

Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, "We are delighted to partner with GigNet as they increase their robust, flexible and scalable network to profitably deliver premium, SLA-driven services to their customers, using our innovative products. We are excited that they have selected our end-to-end optical and access products, for this prestigious network in Mexico."

Shares of Tejas Networks Ltd was last trading in BSE at Rs.193.15 as compared to the previous close of Rs. 196.4. The total number of shares traded during the day was 45298 in over 760 trades.

The stock hit an intraday high of Rs. 202.75 and intraday low of 191.75. The net turnover during the day was Rs. 8878843.


Source: Equity Bulls

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