STL announced its plans – at the second Annual Investor meet, STLescope 2021 — aimded at reaching the annual revenue run rate of Rs 10,000 crore by Q4 of FY 2023.
STL announced a 3-pronged strategy to enhance its market share to capture an addressable market across Optical and Wireless solutions and System Integration.
STL has made investments to build capacities and capabilities across its focus markets. The company plans to expand its optical fibre manufacturing capabilities from 33 to 42 million fkm to grow its optical solution Opticonn. STL will have new facilities in the U.S.A and UK with a total additional investment of about Rs 200 crore.
“South Carolina continues to lead the way in innovation, and STL’s investment in Kershaw County is further proof of that,” South Carolina Governor Henry McMaster said.
These capacity enhancements will enable the extensive fibre build-outs planned across US, Europe and UK to boost rural broadband and 5G programs.
“Our Full Fibre network holds the potential for enabling socio-economic growth for the United Kingdom. Partners like STL will help us build this network in a fast and efficient manner. Their compact and efficient designs will be extremely useful for us as we look to build the most comprehensive and green networks in the world,” Kevin Murphy, MD for Fibre and Network Delivery at Openreach, said.
STL plans to continue to invest about 3 percent of its annual revenue in industry-leading research on areas of optical solutions and wireless solutions including 5G. STL recently received its first 5G patent in the US. STL aims to be a global leader in open-source 5G and FTTx implementations.
“STL has worked towards capacity and capability enhancements through strategic investments in manufacturing, research and global talent. Our investments along with customer engagement will drive the next phase of growth that will propel us towards the annual revenue run rate of INR 10,000 crore by the end of FY 2023,” Anand Agarwal, Group CEO, STL, said.
STL recently shared announcements related to its two customers.
STL completed a proof-of-concept (PoC) for its programmable FTTx (pFTTx) software solutions with Chunghwa Telecom’s open broadband access network. The PoC collaboration demonstrated how STL’s virtualized OLT software stack will enable Chunghwa to upgrade its Gigabit Passive Optical Network (GPON) to XGS-PON (10 Gig Symmetric PON).
STL announced a partnership with Vocus Group, a fibre and network solutions provider in Australia. This deal strengthens STL’s presence in the Australian market, helping network creators deploy high capacity nationwide networks faster.