Friday, March 29, 2024
-Advertisement-
Reimagining Public Sector Analytics
Reimagining Public Sector Analytics
HomeNewsTelecomAirtel expands tech portfolio, picks 25% stake in tech startup Lavelle Networks

Airtel expands tech portfolio, picks 25% stake in tech startup Lavelle Networks

Follow Tech Observer on Google News

The move is likely to help Airtel strengthen its Network-as-a-service (NaaS) portfolio.

Google News

Strengthening its technology portfolio, Bharti has announced to acquire a nearly 25 per cent equity stake in Bengaluru-based technology startup Lavelle Networks. The move is likely to help Airtel strengthen its Network-as-a-service () portfolio.

According to reports, Lavelle Networks' flagship ‘ScaleAOn-' platform has connected several thousands of Indian enterprises from the nation's largest financial institutions to e-commerce networks.

“With our end-to-end solutions play and brand trust, we are uniquely positioned to serve the needs of India's fast-growing digital economy,” Ajay Chitkara, Director and CEO – Airtel Business said.

SD-WAN market in India is expected to grow exponentially at a CAGR of 55 per cent in 2022-2026, according to Frost & Sullivan data. Airtel Business' NaaS is a digital platform that is built to address the emerging connectivity requirements of enterprises as they go through the cloud and digital adoption.

As part of its NaaS portfolio, Airtel said it will offer software-defined connectivity solutions from Lavelle Networks and co-create a host of innovations as part of its NaaS platform.

“We are extremely excited that our product and early market success will now be massively accelerated by this transformational partnership with Airtel,” Shyamal Kumar, Co-founder and CEO, Lavelle Networks said.

Airtel Business serves over one million businesses through its integrated technology portfolio. Last week, Bharti Airtel and Google announced a multi-year agreement to boost India's digital ecosystem, with Sundar Pichai-led tech giant investing $700 million to acquire 1.28 per cent ownership in Airtel and up to $300 million toward commercial agreements.

The $700 million equity investment in Bharti Airtel is at a price per share of Rs 734, while $300 million will go towards investments in scaling Airtel's offerings that cover a range of devices to consumers.

Get the day's headlines from Tech Observer straight in your inbox

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
Tech Observer Desk
Tech Observer Desk
Tech Observer Desk at TechObserver.in is a team of technology reporters led by a senior editor who brings latest updates and developments from the world of technology.
- Advertisement -
Reimagining Public Sector Analytics
Reimagining Public Sector Analytics
- Advertisement -Veeam
- Advertisement -Reimagining Public Sector Analytics
- Advertisement -ESDS SAP Hana

Subscribe to our Newsletter

83000+ Industry Leaders read it everyday

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
- Advertisement -

How AI power struggle opens up new frontier in global geopolitics

The far-reaching influence AI has on information processing, national security, military operations, the economy, and strategic decision-making is set to reshape the geopolitical landscape and redefine the power dynamics between nations.

RELATED ARTICLES