Tejas Networks has signed technology collaboration agreements worth Rs 5.25 billion with NEC Corp, to develop advanced wireless technologies for global telecom players. The collaboration is for advanced radio access network (RAN) and core products, and the consideration will be payable to the company over one year, based on milestones. Tejas Networks said it will also get an opportunity to participate in NEC’s go-to-market (GTM) efforts including market research, marketing, and setting up of distribution channels.
The collaboration will see both companies develop standards and advanced networking solutions ‘for 5G and beyond’.
According to Tejas Networks, NEC has agreed to license their field-proven 4G/5G converged core technology to Tejas, and both companies will look to harness the ‘potential of advanced telecom technologies globally.’
