Tejas Networks shares rallied more than 8% in early trade on February 26 after the company announced that it has signed an agreement with NEC Corporation to manufacture and supply 5G massive MIMO radios. The development is being seen as a significant step toward strengthening global 5G infrastructure and supporting supply chain diversification in the telecom sector.
As of 10 AM IST, the stock touched an intraday high of ₹347.95 compared to the previous close of ₹317.80. The scrip opened at ₹323.55 and recorded a low of ₹323.55 during the session so far. Tejas Networks has a 52-week range of ₹294.00 to ₹914.40, reflecting the volatility seen in the counter over the past year.
The agreement deepens collaboration between Tejas Networks and NEC in the development and deployment of advanced 5G radio technologies. NEC stated that the partnership represents an important milestone in its efforts to build a resilient and flexible global ecosystem. Masayuki Kayahara, Corporate Senior Vice President of NEC’s Global Network Division, said that working with Tejas Networks will support 5G massive MIMO radio initiatives while helping diversify supply chains and mitigate risks for customers worldwide.
From Tejas Networks’ side, the partnership is expected to accelerate innovation in wireless technologies by combining the companies’ expertise in carrier-class telecom product development. Arnob Roy, Chief Operating Officer and Executive Director of Tejas Networks, noted that close cooperation with NEC will enable the co-creation of leading-edge 5G and 5G-Advanced solutions designed to meet the evolving requirements of global telecom operators.