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Openreach selects STL as a strategic partner to help build its new UK Full Fibre network

Posted On: 2021-04-14 01:29:33 (Time Zone: Arizona, USA)


STL [NSE: STLTECH], an industry-leading integrator of digital networks, today announced a strategic collaboration with Openreach, the UK's largest digital network business. Openreach has chosen STL as a key partner to provide optical cable solutions for its new, ultra-fast, ultra-reliable 'Full Fibre' broadband network.

Under the partnership, STL will be responsible for delivering millions of kilometres of optical fibre cable to support the build over the next three years. Openreach has plans to use STL's expertise and innovation to help accelerate its Full Fibre build programme and drive efficiency. This collaboration with Openreach strengthens a 14-year-old technology and supply relationship between the two companies and further reinforces STL's commitment to the UK market.

Openreach plans to take advantage of STL's cutting-edge Opticonn solution - a specialised set of fibre, cable and interconnect offerings designed to drive significant performance improvements, including up to 30 per cent faster installation. It will also have access to STL's Celesta - a high-density optical fibre cable with a capacity of up to 6,912 optical fibres. This compact design is 26 per cent slimmer compared to traditional loose tube cables, allowing 2000 metres of cable to be installed in under an hour. The high density super-slim cable will also help minimise the use of plastic across Openreach's new network.

Kevin Murphy, MD for Fibre and Network Delivery at Openreach, said: "Our Full Fibre network build is going faster than ever. We need partners like STL on board to not only help sustain that momentum, but also to provide the skills and innovation to help us go even further. We know the network we're building can deliver a host of social and economic benefits - from boosting UK productivity to enabling more home working and fewer commuting trips - but we're also trying to make this one of the greenest network builds in the world. So, it's good to know that STL's compact and efficient designs will contribute to this in a significant way."

Commenting on the collaboration, Ankit Agarwal, CEO Connectivity Solutions Business, STL, said: "We are extremely excited to join hands with Openreach as a key optical solutions partner to build Full Fibre broadband networks for millions in the UK. Our customised, 5G-ready optical solutions are ideally suited for Openreach's future-proof network requirements and we believe they will enable next-gen digital experiences for homes and businesses across UK. This partnership will be a major step towards our mission of transforming billions of lives through digital networks."

The announcement comes as Openreach continues to ramp up the build rate for its Full Fibre broadband programme - which aims to reach 20 million homes and businesses by the mid-to-late 2020s. Openreach engineers are now delivering faster, more reliable connectivity to another 42,000 homes and businesses every week, or the equivalent of a home every 15 seconds. 4.5 million premises can now order a gigabit capable Full Fibre broadband service from a range of competing service providers using Openreach's new network.

Shares of STERLITE TECHNOLOGIES LTD. was last trading in BSE at Rs.216.5 as compared to the previous close of Rs. 215.35. The total number of shares traded during the day was 29182 in over 1080 trades.

The stock hit an intraday high of Rs. 224 and intraday low of 212.05. The net turnover during the day was Rs. 6313509.


Source: Equity Bulls

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