Shares of Tejas Networks saw a 2 percent surge, reaching Rs 895 apiece on BSE on October 18, following its recent partnership with FibreConnect for the implementation of a comprehensive optical network in Italy.
Tejas Networks experienced a notable upswing of 7.3 percent, hitting a record high of Rs 939 on BSE that morning, after the company revealed that its Italian collaborator, FibreConnect, had launched broadband services in the country, constructed utilizing Tejas Networks’ cutting-edge telecom and networking products.
In an official statement, Tejas Networks disclosed that it served as the exclusive provider of optical networking and broadband access products for FibreConnect’s nationwide FTTP (fiber-to-the-premise) initiative, solidifying its position as a key player in the Italian telecom infrastructure landscape.
Expressing his satisfaction, Anand Athreya, Chief Executive Officer, and Managing Director of Tejas Networks, stated, “We are delighted that FibreConnect chose to build the complete network in Italy using our carrier-class optical and broadband access products.” As of 12:24 pm, Tejas Networks shares were trading at ₹894.70, reflecting a 2.09% increase.
