Latest news with #GPON
Mint
4 days ago
- Business
- Mint
ITI shares surge 9% as Q4 loss narrows sharply, revenue jumps nearly 74%
Shares of ITI Ltd rallied sharply on Wednesday, May 28, climbing as much as 9 percent in intra-day trade after the company reported a substantial improvement in its March quarter earnings. The stock touched a high of ₹ 336.75, marking its strongest level since January 30, 2025. Investor confidence was bolstered by ITI's March 2025 quarter results, which showed a significant reduction in net losses and a robust improvement in revenue. The company reported a net loss of just ₹ 4.4 crore, compared to a steep ₹ 239 crore loss in the corresponding quarter of the previous year. Revenue for the quarter surged 73.9 percent year-on-year, reaching ₹ 1,046 crore from ₹ 601 crore in Q4FY24. Furthermore, EBITDA loss narrowed to ₹ 28.2 crore from ₹ 174 crore, indicating a meaningful improvement in the company's operational performance. In addition to the strong earnings, ITI announced that its Board of Directors approved the allotment of equity shares on a preferential basis to the President of India, against a CAPEX infusion of ₹ 59 crore in line with a BIFR Order dated January 8, 2013. Founded in 1948, ITI Limited is India's first public sector undertaking (PSU) in the telecommunications space. Over the years, it has built a strong manufacturing footprint with facilities in Bengaluru, Naini, Rae Bareli, Mankapur, and Palakkad, and a dedicated R&D centre in Bengaluru. The company also operates 11 Marketing, Services & Projects (MSP) centres across India in cities such as Mumbai, Chennai, Hyderabad, Kolkata, Delhi, and Chandigarh, among others. ITI's diverse product portfolio includes advanced telecom and defence equipment such as Gigabit Passive Optical Networks (GPON), Managed Leased Line Network (MLLN) products, Wi-Fi access points, encryption units, smart energy meters, smart cards, and mini PCs. It also manufactures passive infrastructure products like optical fibre cables, HDPE ducts, and antennas. Following Wednesday's rally, ITI shares were trading 43 percent below their 52-week high of ₹ 592.85, hit in January 2025. However, the stock has recovered significantly from its 52-week low of ₹ 210.20, touched in October 2024—marking a rebound of over 60 percent. Over the past year, the PSU stock have declined 8.5 percent, but recent months have shown a turnaround. The stock has gained 29.5 percent in May alone, following a 2.5 percent rise in April and a 1.2 percent gain in March. Prior to this recovery, it had shed 16 percent in January and 24 percent in February. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Associated Press
13-05-2025
- Business
- Associated Press
Harmonic Partners with Evolution Digital to Simplify Fiber Broadband Deployments
Collaboration Strengthens Harmonic's Open ONU Vision, Driving Down Fiber Broadband Deployment Costs SAN JOSE, Calif., May 13, 2025 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced a new partnership with Evolution Digital, a global leader in advanced connectivity solutions, further expanding its roster of interoperable ONU partners and reinforcing the company's commitment to creating an open, flexible fiber broadband ecosystem. This powerful collaboration strengthens Harmonic's mission to empower broadband operators through its Open ONU approach that eliminates vendor lock-in and reduces fiber deployment costs. Harmonic's cOS™ virtualized broadband platform offers seamless interoperability with Evolution Digital's EVO1111XG XGS-PON bridge and EVO6022GP3 integrated Wi-Fi 6 GPON gateway. Integration efforts between the two companies will support additional GPON and XGS-PON devices in the near future. 'We're excited that our ongoing collaboration has led to our inclusion in Harmonic's Open ONU initiative, which reflects a scalable and forward-thinking strategy to support the unique business needs of the global broadband provider community,' said Marc Cohen, chief revenue officer at Evolution Digital. 'Our interoperability with Harmonic's virtualized broadband platform — including support for GPON and 10G-capable fiber-to-the-home devices — enables partners to accelerate deployments and deliver high-quality fiber services more efficiently.' Harmonic's cOS virtualized core software allows operators to support ONU devices from any vendor, now including Evolution Digital. This expanded interoperability empowers broadband providers to choose a CPE that best fits their performance, cost and deployment requirements. As a result, operators can accelerate fiber service rollouts, lower capital expenditures and deliver high-speed connectivity to more subscribers. 'The momentum around ONU interoperability is transforming how operators build and scale their fiber networks,' said Hy Huynh, vice president of fiber products at Harmonic. 'With the addition of Evolution Digital to our growing list of certified ONU partners, we're giving operators more choice and flexibility to deliver high-speed connectivity with unmatched cost efficiency.' Harmonic will demonstrate its fiber broadband solutions at Fiber Connect 2025, June 1-4 in Nashville, in booth 824. Harmonic's market-leading cOS platform powers next-gen broadband services to more than 33 million homes worldwide for leading operators in North America, Europe, Latin America and Asia. To learn more about the cOS platform and range of fiber solutions, visit About Harmonic Harmonic (NASDAQ: HLIT), the worldwide leader in virtualized broadband and video delivery solutions, enables media companies and service providers to deliver ultra-high-quality video streaming and broadcast services to consumers globally. The company revolutionized broadband networking via the industry's first virtualized broadband solution, enabling operators to more flexibly deploy gigabit internet services to consumers' homes and mobile devices. Whether simplifying OTT video delivery via innovative cloud and software platforms, or powering the delivery of gigabit internet services, Harmonic is changing the way media companies and service providers monetize live and on-demand content on every screen. More information is available at Legal Notice Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements concerning Harmonic's business and the anticipated capabilities, advantages, reliability, efficiency, market acceptance, market growth, specifications and benefits of Harmonic products, services and technology are forward-looking statements. These statements are based on our current expectations and beliefs and are subject to risks and uncertainties, including the risks and uncertainties more fully described in Harmonic's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended Dec. 31, 2024, its Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K. The forward-looking statements in this press release are based on information available to Harmonic as of the date hereof, and Harmonic disclaims any obligation to update any forward-looking statements. Harmonic, the Harmonic logo and other Harmonic marks are owned by Harmonic Inc. or its affiliates. All other trademarks referenced herein are the property of their respective owners. About Evolution Digital Evolution Digital L.L.C. is a leading provider of a comprehensive suite of integrated video streaming, whole-home Wi-Fi and advanced connectivity products for the global market. We partner with ISPs to deliver reliable, high-performance technologies that enhance their subscribers' connected lifestyles. We take an aggressive approach to product innovation to embrace new technologies that require high-performance, reliable and user-friendly solutions. Learn more at Photo Link: Photo Caption: Harmonic cOS™ Broadband Platform Logo Photo Link: Photo Caption: Evolution Digital EVO1111XG XGS-PON 10G Bridge View original content to download multimedia: SOURCE Harmonic Inc.
Yahoo
13-05-2025
- Business
- Yahoo
Harmonic Partners with Evolution Digital to Simplify Fiber Broadband Deployments
Collaboration Strengthens Harmonic's Open ONU Vision, Driving Down Fiber Broadband Deployment Costs SAN JOSE, Calif., May 13, 2025 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced a new partnership with Evolution Digital, a global leader in advanced connectivity solutions, further expanding its roster of interoperable ONU partners and reinforcing the company's commitment to creating an open, flexible fiber broadband ecosystem. This powerful collaboration strengthens Harmonic's mission to empower broadband operators through its Open ONU approach that eliminates vendor lock-in and reduces fiber deployment costs. Harmonic's cOS™ virtualized broadband platform offers seamless interoperability with Evolution Digital's EVO1111XG XGS-PON bridge and EVO6022GP3 integrated Wi-Fi 6 GPON gateway. Integration efforts between the two companies will support additional GPON and XGS-PON devices in the near future. "We're excited that our ongoing collaboration has led to our inclusion in Harmonic's Open ONU initiative, which reflects a scalable and forward-thinking strategy to support the unique business needs of the global broadband provider community," said Marc Cohen, chief revenue officer at Evolution Digital. "Our interoperability with Harmonic's virtualized broadband platform — including support for GPON and 10G-capable fiber-to-the-home devices — enables partners to accelerate deployments and deliver high-quality fiber services more efficiently." Harmonic's cOS virtualized core software allows operators to support ONU devices from any vendor, now including Evolution Digital. This expanded interoperability empowers broadband providers to choose a CPE that best fits their performance, cost and deployment requirements. As a result, operators can accelerate fiber service rollouts, lower capital expenditures and deliver high-speed connectivity to more subscribers. "The momentum around ONU interoperability is transforming how operators build and scale their fiber networks," said Hy Huynh, vice president of fiber products at Harmonic. "With the addition of Evolution Digital to our growing list of certified ONU partners, we're giving operators more choice and flexibility to deliver high-speed connectivity with unmatched cost efficiency." Harmonic will demonstrate its fiber broadband solutions at Fiber Connect 2025, June 1-4 in Nashville, in booth 824. Harmonic's market-leading cOS platform powers next-gen broadband services to more than 33 million homes worldwide for leading operators in North America, Europe, Latin America and Asia. To learn more about the cOS platform and range of fiber solutions, visit About HarmonicHarmonic (NASDAQ: HLIT), the worldwide leader in virtualized broadband and video delivery solutions, enables media companies and service providers to deliver ultra-high-quality video streaming and broadcast services to consumers globally. The company revolutionized broadband networking via the industry's first virtualized broadband solution, enabling operators to more flexibly deploy gigabit internet services to consumers' homes and mobile devices. Whether simplifying OTT video delivery via innovative cloud and software platforms, or powering the delivery of gigabit internet services, Harmonic is changing the way media companies and service providers monetize live and on-demand content on every screen. More information is available at Legal Notice Regarding Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements concerning Harmonic's business and the anticipated capabilities, advantages, reliability, efficiency, market acceptance, market growth, specifications and benefits of Harmonic products, services and technology are forward-looking statements. These statements are based on our current expectations and beliefs and are subject to risks and uncertainties, including the risks and uncertainties more fully described in Harmonic's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended Dec. 31, 2024, its Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K. The forward-looking statements in this press release are based on information available to Harmonic as of the date hereof, and Harmonic disclaims any obligation to update any forward-looking statements. Harmonic, the Harmonic logo and other Harmonic marks are owned by Harmonic Inc. or its affiliates. All other trademarks referenced herein are the property of their respective owners. About Evolution Digital Evolution Digital L.L.C. is a leading provider of a comprehensive suite of integrated video streaming, whole-home Wi-Fi and advanced connectivity products for the global market. We partner with ISPs to deliver reliable, high-performance technologies that enhance their subscribers' connected lifestyles. We take an aggressive approach to product innovation to embrace new technologies that require high-performance, reliable and user-friendly solutions. Learn more at Photo Link: Caption: Harmonic cOS™ Broadband Platform Logo Photo Link: Caption: Evolution Digital EVO1111XG XGS-PON 10G Bridge View original content to download multimedia: SOURCE Harmonic Inc.
Zawya
13-05-2025
- Business
- Zawya
Nokia and stc group pioneer Saudi Arabia's first network slicing over GPON
Once deployed, the solution will enable stc group to offer high-performance, SLA-backed services, allowing the network to serve multiple users and industries simultaneously. Riyadh, Kingdom of Saudi Arabia – Nokia today announced that stc group, Saudi Arabia's leading digital enabler, has successfully completed the kingdom's first PoC for network slicing over a GPON (Gigabit Passive Optical Network) infrastructure. The trial, conducted at stc group's test lab in Riyadh, leveraged Nokia's Altiplano Access Controller — a software solution for automating and controlling broadband access networks. With Nokia's platform, stc group created and managed multiple virtual network slices within its existing GPON infrastructure. Each slice was optimized for specific performance requirements—such as bandwidth, latency, and reliability— to support services ranging from cloud gaming and enterprise connectivity to mobile backhaul, smart city solutions, and secure government operations. By leveraging Nokia's Altiplano controller stc group will be able to dynamically allocate network resources, accelerating service deployment, improving user experience, and optimizing infrastructure efficiency. Network slicing also unlocks new revenue opportunities across wholesale, B2B, and digital infrastructure initiatives. Nokia's Altiplano platform integrates multi-vendor equipment and supports multiple PON technologies through a single interface, ensuring consistent gigabit performance and streamlined operations. Once deployed, the solution will help stc group deliver advanced digital services faster and at scale. "This GPON slicing trial marks a significant step in transforming our network capabilities. Nokia's solution allows us to deliver tailored services with speed, precision, and scalability, advancing our vision of a smarter digital infrastructure for the kingdom,' said Bader Allhieb, VP of Network Infrastructure at stc. "Altiplano empowers service providers to automate and optimize network management, resulting in faster service delivery, improved efficiency, and superior user experiences. By working with pioneers like stc group we're able to redefine what is possible in network automation,' added Ibrahim Al-Abbas, Head of stc Group Sales Unit for Network Infrastructure at Nokia. About Nokia At Nokia, we create technology that helps the world act together. As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation. With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future. About stc group stc group is a digital enabler, offering advanced solutions and driving a role in the digitalization process. The group provides a comprehensive suite of services encompassing digital infrastructure, cloud computing, cybersecurity, Internet of Things (IoT), digital payments, digital media, and digital entertainment. The group comprises 13 subsidiaries across The Kingdom of Saudi Arabia, the Middle East, North Africa, and Europe. To know more about stc group: Click here Media inquiries Nokia Middle East & Africa Communications Email:
Yahoo
08-05-2025
- Business
- Yahoo
eCommunity™ Fiber drives smart city infrastructure with Adtran's open fiber access solution
News summary: eCommunity™ Fiber needed a scalable, open broadband network to support municipal services and businesses in the City of Morrow Smart city initiative is powered by Adtran's fiber access technology for GPON connectivity with future XGS-PON expansion Network improves public services, enhances safety infrastructure and provides businesses and residents with choice in connectivity options MORROW, Ga., May 08, 2025--(BUSINESS WIRE)--Adtran today announced that eCommunity™ Fiber is leveraging its fiber access platform to power the City of Morrow's smart city initiative. This open-access deployment provides high-speed connectivity to municipal services, businesses and residents, enabling advanced public safety applications and future-ready broadband services. By leveraging Adtran's technology, eCommunity™ Fiber is ensuring that the city benefits from a robust and scalable closed-loop broadband infrastructure. The deployment will also support government operations and create a foundation for additional smart city services, improving overall efficiency and accessibility for the community. "Our partnership with Adtran is central to our vision of delivering next-generation infrastructure to the City of Morrow," said Rodney Gray, CTO of eCommunity™ Fiber. "Adtran's fiber access solution enables us to support both municipal WAN applications and enterprise-class connectivity while also laying the groundwork for future broadband expansion. This network gives Morrow the flexibility to adapt as connectivity demands grow, ensuring businesses and residents have reliable, high-speed options. By embracing open-access fiber, we're supporting competition among service providers, which leads to better pricing and improved service quality for everyone in the community." The carrier-neutral solution provides the connectivity backbone for a range of smart city services to enhance Morrow's public safety and accessibility. High-speed GPON connectivity is being delivered to key municipal sites, including libraries, civic centers and other community spaces. This supports services such as public Wi-Fi and advanced surveillance systems while also enabling Ethernet connectivity for local business operations. Designed with future growth in mind, the network can scale to meet rising bandwidth demands through a planned upgrade path to XGS-PON, helping Morrow stay ahead as technology needs evolve across public services, education and local enterprise. "eCommunity™ Fiber's smart city initiative in Morrow is a testament to the power of open fiber networks," commented Jeremy Harris, VP of North America sales at Adtran. "With our platform, eCommunity™ Fiber is delivering flexible, future-ready broadband that supports everything from public safety to digital transformation for local businesses. Our technology ensures a smooth transition to next-generation services, enabling the city to remain at the forefront of connectivity advancements. Unlike many municipal broadband projects, Morrow's smart city network is privately funded, ensuring long-term sustainability and adaptability. With Adtran's technology, eCommunity™ Fiber is establishing a robust infrastructure that will improve public services and drive economic growth across the region, creating a blueprint for other cities looking to modernize their digital infrastructure." About Adtran ADTRAN Holdings, Inc. (NASDAQ: ADTN and FSE: QH9) is the parent company of Adtran, Inc., a leading global provider of open, disaggregated networking and communications solutions that enable voice, data, video and internet communications across any network infrastructure. From the cloud edge to the subscriber edge, Adtran empowers communications service providers around the world to manage and scale services that connect people, places and things. Adtran solutions are used by service providers, private enterprises, government organizations and millions of individual users worldwide. ADTRAN Holdings, Inc. is also the majority shareholder of Adtran Networks SE, formerly ADVA Optical Networking SE. Find more at Adtran, LinkedIn and X. Published byADTRAN Holdings, View source version on Contacts For media Gareth Spence+44 1904 699 For investors Peter Schuman+1 256 963 Sign in to access your portfolio
