Bharti Airtel acquires about 25% stake in Bengaluru tech start up lavelle networks
- ByStartupStory | January 31, 2022
Lavelle networks expertise in Software- highlighted wide area network solutions and it indulges a plethora of industry segments.
Telecom major Bharti Airtel has incidental around 25% stake in Bengaluru- based technology startup lavelle networks for an unadvertised amount.
Lavelle Networks expertise in Software highlighted wide area network solutions and it acts towards a plethora of industry segments.
It’s platform has associated numerous thousands of India enterprises from the nation’s largest financial institutions to e- commerce networks, Airtel said in a filing.
The accord is subject to statutory approvals.
On Monday, Airtel participants were up almost 2% at ₹ 729.25 in noon deals on NSE.
“ We are delighted to help Lavelle’s growth journey by joining with them to take off their world- class solutions to enterprise customers in the fast emerging Indian NaaS market.
With our end- to- end solutions play and brand trust, we are extraordinarily positioned to serve the needs of India’s fast growing digital economy, “as stated by Ajay Chitkara, Director and CEO of Airtel Business.
Airtel business’s Network as a service ( NaaS) is a digital embracement connectivity requirement of enterprises as they go through the cloud and digital adoption and acceleration journey.
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