Sterlite Technologies Limited’s (STL) wholly-owned subsidiary, Sterlite Global Venture (Mauritius) Limited has entered into agreements to acquire 12.8 per cent stake in Israel-based ASOCS.
Under the partnership, STL and ASOCS, a virtual radio access network (vRAN) technology company, will be creating cutting edge solutions that will address the rollout of 5G networks.
ASOCS provides virtualised base station solutions for enterprise and telco-networks.
Commenting on the development, Dr Anand Agarwal, group CEO STL, said, “Open RAN architecture and virtualisation are key to building software-centric networks to meet the exploding demands of networks of tomorrow. The joint solution of STL and ASOCS will empower mobile network operators to build best in class networks and enable them to build vendor-neutral, autonomous networks using 5G radio, SDN, NFV and AI technologies. We are incredibly excited to invest in ASOCS and believe that the partnership will enable STL and ASOCS to bring end-to-end capabilities for a converged network (i.e. both wireless and wireline) to market. Together, we can offer full-stack solutions to Enterprise and Telco customers, including STL’s services and system integration capabilities.”
Further, Gilad Garon, ASOCS’ CEO, said, “We are thrilled to partner with STL. Their staunch focus on technology and strong customer relationships will go a long way in delivering flexible and innovative solutions to customers. We will utilise the new funding to accelerate and expand our vRAN 5G portfolio. Now is the right time for mobile operators and their enterprise customers to have an easy, fast way to leverage and get more out of their existing hardware, while enjoying superb 4G and 5G networks that include network slicing capabilities, comprehensive insights on network usage and new levels of control and flexibility, all in a single software stack. As we combine ASOCS and STL solutions, we believe this would be a real turning point for our industry.”