PUNE, August 8, 2016: Sterlite Technologies Ltd., [BSE: 532374, NSE: STRTECH] which designs, builds and manages data networks for telecoms globally, today announced the launch of Sterlite Academy. Sterlite Academy aims at creating a skilled talent pool of Smart Network professionals in India to enable the creation of smart data networks for Digital India, Smart Cities and 4G rollout.
With rising data demand, a robust mobile backhaul network is very critical. In India, less than 20% of mobile tower sites have a robust fibre backbone as compared to 70-80% in the developed countries. Given the importance of this infrastructure, multiple Telcos are investing in fiberisation of backhaul networks. However, these network deployments are currently non-standardised and implemented through untrained resources. These result in poor deployment quality, very low reliability, low lifetime and high operating expenses.
To bring about a transformation in the creation of smarter networks, which have at least twice the lifetime of the current fibre networks, Sterlite Tech has launched Sterlite Academy that brings together its strong expertise in optical fibre network designing, building and management through global best practices and state-of-the-art research.
Highlighting the role Sterlite Academy will play in broadband deployment, Dr. Anand Agarwal, CEO, Sterlite Technologies, said, "Our close association with telecom operators has enabled us to understand their challenges for network deployment. For India to progress to a knowledge-based society, it is imperative that broadband penetration improves. A big challenge to this is the lack of skilled work force in creation of data infrastructure. This is acting as a roadblock for many mission critical projects in both, public and private sectors. We are happy to launch our Sterlite Academy, through which the industry can now look forward to gaining trained and certified professionals for their broadband infrastructure and fibre deployment projects."
Sterlite Academy will enable the entire value chain involved in broadband network deployment to solve challenges of low lifetime and low reliability of currently deployed networks. This will help bring true broadband experience to India and transform everyday lives of the citizens through high-speed internet.
Sterlite Tech has strong expertise in managing very large-scale broadband network deployments in urban and rural areas through projects such as BharatNet, Network for Spectrum, Smart Cities, FTTH, 4G, among others. All the learning and global standards have been leveraged while structuring the curriculum.
Sterlite Academy comprises some of the best minds in the country. This will provide the requisite impetus for productive and quality output that will eventually set the benchmark in the industry for optical fibre deployment. Sterlite Academy will impart extensive hands-on training and classroom sessions designed for the entire value chain in optical fibre cable deployment. The course modules are designed considering global best practices while customising for local market needs and Indian ecosystem. The courses are held in a lab setting based on the latest optical fibre technologies that enable individuals to deliver a perfect blend of quality and speed in deployment. The training programme is followed by rigorous assessments and certifications.
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About Sterlite Technologies:
Sterlite Technologies Ltd [BSE: 532374, NSE: STRTECH], is a global technology leader in smarter digital networks. With a pure-play telecom focused business that develops & delivers optical communication products, network & system integration services and OSS/BSS software solutions, Sterlite Tech has a sales network in six continents. The Company has manufacturing presence in India, China & Brazil, and aims to transform everyday living by delivering smarter networks. With a strong portfolio of over 130 patents, Sterlite Tech is home to India’s only Centre of Excellence for broadband research. Projects undertaken by the company include intrusion-proof smarter data network for the Armed Forces, rural broadband for BharatNet, Smart Cities’ development, and establishing high-speed Fibre-to-the-Home (FTTH) networks.
Forward-looking and cautionary statements: Certain words and statements in this release concerning Sterlite Technologies Limited and its prospects, and other statements relating to Sterlite Technologies' expected financial position, business strategy, the future development of Sterlite Technologies' operations and the general economy in India, are forward looking statements. Such statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements of Sterlite Technologies Limited, or industry results, to differ materially from those expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding Sterlite Technologies' present, future business strategies, and the environment in which Sterlite Technologies Limited will operate in the future. The important factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements include, among others, changes in government policies or regulations of India and, in particular, changes relating to the administration of Sterlite Technologies' industry, and changes in general economic, business and credit conditions in India. Additional factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements, many of which are not in Sterlite Technologies' control, include, but are not limited to, those risk factors discussed in Sterlite Technologies' various filings with the National Stock Exchange, India and the Bombay Stock Exchange, India. These filings are available at www.nseindia.com and www.bseindia.com.