Telecom stocks were trading with losses, with the S&P BSE Telecom index falling 28.42 points or 2.02% at 1378.82 at 13:48 IST. Among the components of the S&P BSE Telecom index, Mahanagar Telephone Nigam Ltd (down 5.49%), Reliance Communications Ltd (down 4.95%),GTPL Hathway Ltd (down 4.62%),Tata Communications Ltd (down 3.92%),HFCL Ltd (down 2.56%), were the top losers. Among the other losers were Bharti Airtel Ltd (down 2.41%), Vodafone Idea Ltd (down 1.78%), ITI Ltd (down 0.49%), and Vindhya Telelinks Ltd (down 0.04%). On the other hand, OnMobile Global Ltd (up 4.95%), Tejas Networks Ltd (up 1.53%), and Indus Towers Ltd (up 0.75%) moved up.
At 13:48 IST, the S&P BSE Sensex was down 738.68 or 1.53% at 47608.91.
Read more about Telecom shares fall on Business Standard. Telecom stocks were trading with losses, with the S&P BSE Telecom index falling 17.57 points or 1.2% at 1443.66 at 13:48 IST.
Tejas Networks wins an international order of USD 13 Million from South East Asia region
Posted On: 2020-12-30 22:32:28 (Time Zone: Arizona, USA)
Tejas Networks [BSE: 540595, NSE: TEJASNET] today announced that it has received a purchase order of $13 million from a leading telecommunications service provider in South East Asia. As per the contract, Tejas will supply and install its award-winning TJ1400 ultra-converged broadband products (TJ1400UCB) to extend high-speed broadband services to underserved rural communities in the region. The project is expected to be executed within the next 12 months.
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, We are delighted to be chosen for this prestigious project that will enable a sizable rural population to experience the tangible benefits of high-speed, reliable and affordable wireless internet for the first time. TJ1400UCB is an innovative product that provides the flexibility to rapidly rollout broadband se