Sterlite Technologies up 6% on partnership with Bharti Airtel

Shares of Sterlite Technologies gained as much as 6.04% on Wednesday after it announced a partnership with Bharti Airtel to build a modern optical fibre network for Airtel across 10 telecom circles.

At 12:05 pm, the stock traded at ₹164.30 apiece up 4.45% from its previous close, while the benchmark Sensex was flat at 39,073.22 points.

The modern optical network will enable Airtel to deliver world-class customer experience through enhanced scalability, reduced latency, and improved bandwidth, Sterlite Technologies said in a regulatory filing.

The densely fiberized, future-ready network, will also form the foundation for many next-gen services such as 5G, FTTH, IoT, enterprise networks, and Industry 4.0. The announcement was made after market hours, it added.