STL to exit non-core wireless business to focus on profitability, optical business: Ankit Agarwal

NEW DELHI: Home-grown fiber optic maker Sterlite Technologies (STL) is expected to take key decisions to completely exit non-core businesses such as wireless products like macros radios and WiFi to increase profitability and sharpen its focus on optical fiber business, a top executive said.

“We have actually successfully built some of the products such as macro radios and on the WiFi front. So our conversations are going on with various other partners who are in the wireless so that some of our assets or IP can be moved on to them,” Ankit Agarwal, managing director of STL, told ET. “It’s partly the team and then there’s IP as well. So what we guided market is that ongoing conversation”