Sterlite Technologies to continue to look for buyout targets

PUNE: Sterlite Technologies has said it remains on the lookout for more acquisitions in India and outside after having announced two buyouts in the past four months.

Anupam Jindal, chief financial officer at Sterlite Technologies, said the company would continue to look at inorganic growth opportunities that allow it to expand its customer offerings or give it access to new customers.

Two weeks ago, the digital technology company announced that it had acquired a 12.8% stake in Israeli firm ASOCS, a vRAN (virtual Radio Access Networks) company. In September last year, it had acquired European data centre design firm IDS for about $15 million. The ASOCS stake acquisition will help it boost its capabilities in the wireless and 5G solutions segment.