Tejas Networks wins contract to supply 5G Massive MIMO Radios

Tejas Networks [BSE: 540595, NSE: TEJASNET] today announced that it has signed an agreement with NEC Corporation to manufacture and supply 5G massive MIMO radios.

Masayuki Kayahara, Corporate Senior Vice President of Global Network Division at NEC Corporation said, "Today's milestone furthers our collaboration with Tejas Networks for 5G massive MIMO radio and to achieve supply-chain diversification which helps in mitigating risks to our customers by building a resilient, flexible globalized ecosystem."

Arnob Roy, Chief Operating Officer and Executive Director of Tejas Networks said, "Our partnership with NEC will accelerate wireless innovation by leveraging our respective expertise in carrier-class product development for global telcos. We will continue to work closely with NEC to co-create leading-edge 5G/5G-Advanced solutions that meet the evolving needs of customers worldwide."

Sanjay Malik, Chief Strategy and Business Officer of Tejas Networks said, "We are delighted to win this deal in partnership with NEC as we expand our business internationally. We are looking forward to building on this momentum and replicate this success in other 4G/5G mobile networks across emerging and established markets."

Tejas Networks is a leading manufacturer and supplier of a versatile mobility product suite comprising 4G and 5G radio access network (RAN) offerings, including high-capacity 32TR and 64TR massive MIMO radios that comply to both 3GPP and O-RAN standards.

Shares of Tejas Networks Limited was last trading in BSE at Rs. 317.90 as compared to the previous close of Rs. 317.50. The total number of shares traded during the day was 62279 in over 1438 trades.

The stock hit an intraday high of Rs. 321.50 and intraday low of 314.00. The net turnover during the day was Rs. 19798317.00.

Source : Equity Bulls

Keywords

TejasNetworks INE010J01012 SupplyContract 5G MassiveMIMORadios