STL records robust results – continues global expansion

Pune : STL [NSE: STLTECH], an industry leading integrator of digital networks,
today announced financial results for the first quarter ended June 30, 2021. The company recorded a
strong cumulative order book of over Rs. 112 billion and revenue of Rs. 13.09 billion, backed by solid
technology solutions and foundational capabilities.
Significant progress on focused global capability build strategy
To cater to the three network build cycles of 5G, FTTx and Rural broadband, STL continues to make
consistent efforts to scale-up its global capabilities and develop industry-leading technology solutions.
The company’s three growth levers – Globalise system integration, Grow optical business, and Build
disruptive wireless solutions – are now yielding results.
Globalise System Integration
• Strategic acquisition in Europe – STL today announced that it will acquire Clearcomm Group
– a leading Network Integration company in the UK to further globalise its system integration
business. The combined capability of STL and Clearcomm will enable the company to greatly
contribute towards ‘Project Gigabit’. This move combined with the existing data centre
integration capabilities will further augment STL’s presence in network integration in UK and
• During the quarter, STL also received its first FTTx orders in the UK for its network integration
services business
Grow Optical Business
• Capacity enhancement to 42 Mn fKm with Investments in US and UK – Committing Rs. 2
billion investments to establish optical fibre cable manufacturing and R&D labs in the UK and
US. Through these plans, the company confirmed its plans to increase the OFC capacity to 42
Mn fKm, from an existing 33 Mn fKm
• Leveraging Optical Interconnect capabilities – With the acquisition of Optotec earlier this
year, the company’s portfolio for end-to-end FTTx has opened up a total optical solutions
addressable market of US$ 18 billion
• Successful field trials for Programmable FTTx – The company crossed a significant milestone
by successfully integrating its pFTTx solution in the live broadband access network of
Chunghwa Telecom