STL Networks Ltd Share Price

History of STL Networks Ltd

STL Networks Limited was incorporated as a Public Limited Company on March 24, 2000. Pursuant to the Scheme of Amalgamation, Company is primarily engaged in Global Services Business. Company is a global service provider of digital infrastructure and IT services, supporting enterprises, telecommunications companies, cloud service providers, government agencies, and defense sectors. Specializing in designing, building, managing, and transforming digital landscapes. Company offers a comprehensive suite of services, Including fiber connectivity, network solutions, data center services, cloud Infrastructure, cybersecurity, and managed services. In July 2013, Company expanded the business in Latin American region by entering into a JV with Conduspar Condutores Eletricos to manufacture optica ...l fibre cable in Brazil. It launched three new products in its bend insensitive BOW LITE family of fibers. It installed and commissioned the power carrying capacity for a critical line of Tata Power in Mumbai. The Power Products Business and Power Transmission Grid Business was demerged into a separate entity named Sterlite Power Transmission Ltd (SPTL) in FY 2015. The Company rolled out the first commercial sale of smarter FTTH solutions to one of India's top telecom operators in 2017. It enabled the largest roll out of LTE network for VoLTE services for YTL, a leading operator in Malaysia, and 4G LTE for STI, a leading operator in Indonesia. Moreover, as a part of digital India initiative, it partnered with BSNL in their massive nationwide public Wi-Fi rollout. Gandhinagar Smart City services were rolled out in December 2016; the Jaipur Smart City project got completed in 2017. The Passive Infrastructure Business of Speedon Network Limited, a wholly owned subsidiary of the Company was demerged into the Company and the Scheme of Arrangement was effective from September 1, 2017. The Company launched its optical interconnect product portfolio in the market, acquired Clearcomm and set up a Services Centre of Excellence in the UK in FY 21. In the optical networking business, it acquired two companies in Italy namely Metallurgica Bresciana to expand its OFC manufacturing footprint in Europe and Optotec to widen the optical interconnect portfolio globally. In 2022, Company launched Accellus Solution for 5G-ready, open and programmable networks. It launched indoor small cells - Garuda, programmable FTTX (pFTTx), and WiFi6 access point. Further, a series of macro radios called Firebird and did the Minimum Viable Product (MVP) release for RAN Intelligent Controller (RIC) also launched during the year. he Company launched Multiverse as its multicore fiber product in 2023. STL Digital rolled out a global S/4 HANA solution integrated with 20+ essential software across 75 countries in FY2024. It launched AInnovTM, a solutioning fabric of powerful Generative AI Services, frameworks, methodologies and solutions designed for enterprises to accelerate Generative AI-led innovation and adoption. In FY 2025, STL's Global Services Business got demerged into the Company through the Scheme of Arrangement.