GigNet selects Tejas Networks for expansion in Mexico; stock jumps more than 3 per cent
Tejas Networks today announced that it has been selected by GigNet, which is a leading infrastructure company in Mexico for expansion.
The company’s optical networking and broadband access products will be used by GigNet for its state-of-the-art, high-capacity fibre optic network expansion in Cancun region of Mexico.
To support the rapid growth of GigNet’s ‘Smart Communities’ business segment for planned developments across the region, the company will supply its full range of last-mile access products based on GPON/NG-PON fibre broadband technology, ultra-converged packet aggregation products based on MPLS-TP/PTN technology, and terabit-scale optical backbone products based on OTN/DWDM technology. All of them will be centrally managed by a universal and versatile SDN-ready network management system (NMS).
Tejas Networks designs, develops & sells high-performance and cost-competitive networking products to telecommunications service providers, internet service providers, utilities, defence, and government entities in over 75 countries and are among the top 10 suppliers in the global optical aggregation segment. The company has over 349 patents filed with itself.
On Friday, soon after the opening bell, the stock climbed 3.6 per cent. However, it slipped down after recording the day’s high during the early morning hours. At 12.58 pm, the stock was trading at Rs 194.25, up by 0.57 per cent on BSE.