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LTTS bags $50 million deal from US telecom operator
ETtech
Synopsis
LTTS said that by leveraging artificial intelligence and automation, this agreement will help the company boost its telecom segment. Amit Chadha, chief executive officer (CEO) & managing director at LTTS said that this marks the company's first sizable breakthrough in global markets by leveraging the deep expertise of their Smart World & Communication (SWC) division in managing communication networks.
ETtechL&T Technology Services (LTTS) has bagged a $50 million deal from North American telecommunications and network provider to provide product integration services and secure LTE and 5G private networks across industries for newer business opportunities.
The multi-year agreement will help mid-sized player LTTS boost its telecom segment by leveraging artificial intelligence (AI) and automation, LTTS said in a statement.
“Additionally, the companies aim to offer secure LTE and 5G private networks across industries, unlocking new opportunities and enabling future-ready operations. The partnership will address current market demands while positioning itself for upcoming 5G advancements under 3GPP standards,” it added.
Amit Chadha, CEO & managing director at LTTS, said, "This strategic engagement represents a significant milestone for LTTS, marking our first sizable breakthrough in global markets by leveraging the deep expertise of our Smart World & Communication (SWC) division in managing communication networks.”
Chadha added the firm will integrate a GLOCAL services model with automation and AI-driven frameworks to deliver value and reliability to the telecom customer. “This will help us elevate our partnership with the client further,” he said.
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In FY24, LTTS had closed one of its large deals worth $100 million (Rs 800 crore) from Maharashtra State Cyber Department.
Last month, the Gujarat-headquartered software services provider won a project from Colorado Smart Cities Alliance (CSCA) to build smart city development projects across the state of Colorado.
In November, LTTS also acquired California-based Intelliswift Software along with its Indian arm for $110 million to enhance LTTS' AI and software capabilities in the digital engineering suite for global clients.
Read More News on
LTTS5G private networkstelecommunications dealAI integration in telecomNorth American telecom providerdigital transformationai
Read More News on
LTTS5G private networkstelecommunications dealAI integration in telecomNorth American telecom providerdigital transformationai
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