STL also won a pilot order for its indoor small cells with ASOCS and ramped up its radio engineering talent to more than 300 people This quarter saw the company announcing General Availability for its Indoor small cells (Garuda) and programmable FTTx offering.
5G portfolio becomes market-ready - 5G Wireless solutions, which opened up a target addressable market of $5 Bn for the company, made significant progress in this quarter, to reach closer to revenue generation. New markets deliver greater traction - With its global expansion strategy, STL grew its business in its focus markets with ~41% coming in from Europe and Middle East and ~12% from Americas. This greatly enhances STL's fibre deployment capabilities in the UK System Integration scales in the UK -The company also took some strides in its Integration business as it ramped up its UK talent base to more than 150 employees and 20 strategic partners. The company also expanded its footprint in the US with 5G-ready optical products, winning new orders to the tune of ~Rs 3 Bn Optical Interconnect delivers big revenue - STL made great headway in this new product line of Optical Interconnect, winning multi-year contracts across Europe, cumulatively valued at over ~Rs 7 Bn. Strategic investments turn revenue generating: STL also charted its course for becoming a Net-Zero company by 2030, and launched an integrated 5G offering to cater to the global demand. 
5g technology market software#
At this pivotal point in its journey towards scalability, STL inducted global business builders as CEOs for its Optical, Wireless, Services and Software businesses. The company affirmed that many of its strategic investments have converted into large scale revenues and new technologies have become market ready. Over the past few quarters, STL took some bold bets to drive aggressive growth in this decade of network creation.
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