Tejas Networks has announced its plans to expand its telecom product portfolio and locally design/manufacture a whole range of 4G and 5G wireless gear, directly competing with global suppliers Nokia, Ericsson, Huawei, and Samsung. The company plans to leverage the financial resources it recently garnered through a stake stale to Tata Group for its expansion plans.
At a recent investor call, Tejas Networks chief executive officer (CEO) Sanjay Nayak stated that having access to the Tata Group’s financial resources will allow the company to explore acquisitions to fill gaps in its telecom product portfolio and R&D capabilities.
Furthermore, Nayak stated that the transaction would strengthen Tejas’ balance sheet and equip it to manufacture base stations, core networks, switching, and transport systems, as well as compete with the world’s largest vendors for high-value, multi-year 5G gear contracts from Tier-1 telcos in a $150 billion global networks gear market.
According to Nayak, while Tejas has always had good products, a major drawback was the lack of a globally acceptable brand, which prevented it from competing for significant network gear contracts with tier-1 global telecoms.