L&T Technology Services: LTTS bags $50 million deal from US telecom operator

Share via:


L&T Technology Services (LTTS) has bagged a $50 million deal from North American telecommunications and network provider to provide product integration services and secure LTE and 5G private networks across industries for newer business opportunities.

The multi-year agreement will help mid-sized player LTTS boost its telecom segment by leveraging artificial intelligence (AI) and automation, LTTS said in a statement.

“Additionally, the companies aim to offer secure LTE and 5G private networks across industries, unlocking new opportunities and enabling future-ready operations. The partnership will address current market demands while positioning itself for upcoming 5G advancements under 3GPP standards,” it added.

Amit Chadha, CEO & managing director at LTTS, said, “This strategic engagement represents a significant milestone for LTTS, marking our first sizable breakthrough in global markets by leveraging the deep expertise of our Smart World & Communication (SWC) division in managing communication networks.”

Chadha added the firm will integrate a GLOCAL services model with automation and AI-driven frameworks to deliver value and reliability to the telecom customer. “This will help us elevate our partnership with the client further,” he said.


Mid-tier IT firms are grabbing larger deals with the growing pace of AI and digital transformation projects.

Discover the stories of your interest


In FY24, LTTS had closed one of its large deals worth $100 million (Rs 800 crore) from Maharashtra State Cyber Department.Last month, the Gujarat-headquartered software services provider won a project from Colorado Smart Cities Alliance (CSCA) to build smart city development projects across the state of Colorado.

In November, LTTS also acquired California-based Intelliswift Software along with its Indian arm for $110 million to enhance LTTS’ AI and software capabilities in the digital engineering suite for global clients.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

L&T Technology Services: LTTS bags $50 million deal from US telecom operator


L&T Technology Services (LTTS) has bagged a $50 million deal from North American telecommunications and network provider to provide product integration services and secure LTE and 5G private networks across industries for newer business opportunities.

The multi-year agreement will help mid-sized player LTTS boost its telecom segment by leveraging artificial intelligence (AI) and automation, LTTS said in a statement.

“Additionally, the companies aim to offer secure LTE and 5G private networks across industries, unlocking new opportunities and enabling future-ready operations. The partnership will address current market demands while positioning itself for upcoming 5G advancements under 3GPP standards,” it added.

Amit Chadha, CEO & managing director at LTTS, said, “This strategic engagement represents a significant milestone for LTTS, marking our first sizable breakthrough in global markets by leveraging the deep expertise of our Smart World & Communication (SWC) division in managing communication networks.”

Chadha added the firm will integrate a GLOCAL services model with automation and AI-driven frameworks to deliver value and reliability to the telecom customer. “This will help us elevate our partnership with the client further,” he said.


Mid-tier IT firms are grabbing larger deals with the growing pace of AI and digital transformation projects.

Discover the stories of your interest


In FY24, LTTS had closed one of its large deals worth $100 million (Rs 800 crore) from Maharashtra State Cyber Department.Last month, the Gujarat-headquartered software services provider won a project from Colorado Smart Cities Alliance (CSCA) to build smart city development projects across the state of Colorado.

In November, LTTS also acquired California-based Intelliswift Software along with its Indian arm for $110 million to enhance LTTS’ AI and software capabilities in the digital engineering suite for global clients.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Startup Policy Forum Looks To Fuel India’s New Economy 

SUMMARY Founded by Shweta Rajpal Kohli, a public policy...

US officials recommend using encrypted messaging after telecom hack

US officials are urging Americans to make calls...

Decentralized chatbots, gov’t bonds onchain — a16z’s 2025 crypto...

Venture capital firm a16z sees use cases powered...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!