Tejas Networks ranked as #1 vendor in India’s Optical Aggregation Market
Bangalore, October 17, 2017: Tejas Networks (NSE: TEJASNET / BSE: 540595) today announced that Ovum (Informa), a market-leading data, research and consulting firm focused on helping digital service providers and their technology partners thrive in a connected digital economy, has ranked Tejas as the market leader in India's optical aggregation segment in Q2, 2017 on a rolling four quarter basis.
“Tejas Networks has held the #1 position in India’s Optical Aggregationmarket with a market share of 36%. As of Q2, 2017, Tejas Networks hasmaintained its leadership position in the India optical market, which was thefastest-growing Optical Networking market in the world, with a strongsequential as well as year-on-year growth. Ovum’s Optical Networking marketincludes three product segments - Aggregation, WDM and Subsea Optoelectronics,”said Don Frey, Principal Analyst, Transport and Routing at Ovum TelecomsResearch.
“We are delighted that Tejas Networks is ranked as the #1 vendor in theoptical aggregation segment in India- the world’s fastest-growing andmost-competitive telecom market” said Sanjay Nayak, CEO and MD of TejasNetworks. “We believe that India is at the cusp of a prolonged growth cycle inoptical networking, driven by strong usage of mobile data as well as broadbandby consumers and businesses. While there is decent fiber capacity in inter-citynetworks, there is a significant catch-up investment needed in the aggregationand metro segment, since less than 20% of cell towers are currently fiberized.With our strong incumbency, long-standing customer relationships andgovernment’s support for Make-in-India, we are well positioned to benefit fromthis increased demand for optical networking equipment in India,” he added.