Tejas Networks shares in focus after strategic tie-up with Rakuten Symphony
Shares of Tejas Networks are likely to remain in focus on Wednesday, June 26, following the announcement of a strategic partnership with Japan-based Rakuten Symphony.
ADVERTISEMENT 'Rakuten Symphony and Tejas Networks, a Tata Group company, today announced a multi-faceted strategic partnership to develop integrated Open RAN solutions and engage in joint go-to-market efforts, both in India and internationally,' the company said in an exchange filing.
As per a joint statement released on Wednesday, the collaboration aims to develop integrated Open RAN (Radio Access Network) solutions and jointly pursue go-to-market efforts in India and globally.
The partnership will see the two companies integrate Rakuten Symphony's CU and DU software, OSS, and cloud portfolio with Tejas's proven 4G/5G radio offerings. By leveraging commercial and technical synergies and collaborative engagement strategies, the collaboration seeks to drive the deployment and expansion of next-generation 4G and 5G networks, including in India.'Through this partnership with Rakuten Symphony, we intend to combine our field-proven RAN infrastructure solutions with Rakuten's resilient cloud-native RAN software stack and orchestration solution to provide a compelling solution to the global market,' said Kumar N. Sivarajan, CTO and Co-founder of Tejas Networks.Rakuten Symphony, through its association with Rakuten Mobile and supported by key R&D projects funded by Japan's NEDO (New Energy and Industrial Technology Development Organization), reaffirmed its commitment to advancing Open RAN innovation.
ADVERTISEMENT The company also focuses on building automated network quality assurance systems and edge cloud capabilities to support future communication infrastructure.
Tejas Networks shares closed 0.8% lower at Rs 697.20 on the BSE on Wednesday.
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Also read: SBI appoints 6 banks for Rs 25,000 crore QIP, first share sale in eight years
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