Tata-Owned Tejas Is Climbing 3% As It Plots Overseas Play Against China's Huawei, ZTE

Tejas Networks aims to establish itself as a credible alternative for governments and telecom operators, particularly in India and globally, seeking alternatives to Chinese vendors like Huawei and ZTE, as well as aiming to diversify from the duopoly of Ericsson and Nokia.

What Happened: Anand Athreya, the managing director, said in an interview with Moneycontrol that it was important to have supplier diversity and highlighted the potential for expansion, both in the mobility and wireline sectors.

Backed by the Tata Group, Tejas Networks is exploring avenues for growth through partnerships or acquisitions, Athreya said. Recently, it acquired 5G Radio Access Network (RAN) technology developed collaboratively by prestigious institutions and research bodies.

The company’s focus extends to developing its 5G portfolio, leveraging OpenRAN technology to provide customers with flexibility in adopting the architecture of their choice. This move is aligned with industry trends aiming for interoperability and innovation, potentially reducing costs in the telecom sector.

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Tejas Networks has successfully supplied critical sites to state-owned telco BSNL and is now exploring opportunities with other telecom operators and government sectors, Athreya said. He also expects Tejas to win contracts for work from BSNL when it issues a fresh tender for its 5G network.

He added that an international expansion was also on the cards, with recent deals like the one with Telecom Egypt.

Furthermore, the company is actively engaged in advancing 6G standards and participating in relevant committees to position India at the forefront of innovation in this domain.

Supported by government initiatives like the production-linked scheme (PLI), Tejas Networks and its subsidiary have received incentives, facilitating their growth in the telecom sector.

Price Action: Tejas’ share price was up 2.97% at ₹1,150.6 in late afternoon trade on Tuesday.

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