L&T Technology Services (LTTS) has secured a deal of $50 million from North American telecommunications and network provider to offer secure LTE and 5G private networks and product integration services to explore emerging opportunities for business.
According to a statement from LTTS, the multi-year deal will assist the mid-sized player in growing its telecom section by utilizing automation and artificial intelligence (AI).
“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.”
In order to provide telecom customers with value and depability, Chadha stated, the company will combine a GLOCAL services model with automation and AI-driven frameworks. “This will help us elevate our partnership with the client further,” he said.
With the increasing speed of AI and digital transformation projects, mid-tier IT organizations are snagging bigger transactions.
One of LTTS’s major transactions with the Maharashtra State Cyber Department in FY24 was for $100 million (around Rs 800 crore).
The software services company with its headquarters in Gujarat was awarded a project by the Colorado Smart Cities Alliance (CSCA) last month to construct smart city development initiatives throughout the state of Colorado.
In order to improve LTTS’ AI and software capabilities in the digital engineering suite for clients worldwide, LTTS also paid $110 million in November to buy California-based Intelliswift Software and its Indian subsidiary.
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