Frog Cellsat Limited — Updates, 26-11-2024: Press Release

Frog Cellsat has secured a deal with Amaravati Digital Networks LLP to implement its OneDAS solution at the new terminal of Guwahati Airport, enhancing 4G and 5G connectivity. This project marks the company’s fourth major airport contract, following similar successes at Noida International Airport, Mumbai International Airport, and Navi Mumbai International Airport. Though financial terms were not disclosed, this order underlines Frog Cellsat's commitment to advancing mobile network infrastructure, aiming to ensure reliable connectivity for both passengers and staff. The company's robust execution in the telecommunications sector indicates a positive outlook and significant growth potential.

STL has elevated Rahul Puri to CEO of its Optical Networking Business, effective immediately. Puri, with over 24 years of experience across major telecom players, is tasked with driving growth in key markets, including the US, EMEA, and India. His appointment comes after the previous CEO was terminated following a substantial loss attributed to the division. STL reported a net loss of Rs 13 crore for Q2 FY2025, an improvement from Rs 47 crore in Q1. Puri's leadership is seen as crucial for STL's strategy and market positioning as it seeks to recover and expand its global footprint.

Saudi Aramco's digital arm is negotiating a $1 billion investment in Mavenir, which could value the U.S. telecom software maker at approximately $3 billion. This potential investment aligns with Saudi Arabia's Vision 2030 initiative aimed at diversifying its economy through technology. Mavenir is a pioneer in Open Radio Access Network (Open RAN) technology that promises significant cost reductions for telecom operators. The deal signifies a strategic move by Aramco Digital into the telecommunications sector, and could bolster Mavenir's capabilities as the industry prepares for future 5G and 6G rollouts.