Networking gear manufacturer Tejas Networks has signed technology collaboration agreements worth Rs 525 crore with leading Japanese telecom major NEC Corp, to develop advanced wireless technologies for global telecom players, the company said in an exchange filing on February 7.
The collaboration is for advanced Radio Access Network (RAN) and core products, and the consideration will be payable to the company over one year, based on milestones. Tejas Networks said it will also get an opportunity to participate in NEC's go-to-market (GTM) efforts.
GTM efforts include market research, marketing, and setting up of distribution channels.
NEC is a leading global player in the 5G area, with a market capitalisation of over $27 billion, and the collaboration will see both companies develop standards and advanced networking solutions 'for 5G and beyond'.
Tejas said NEC has agreed to license their field-proven 4G/5G converged core technology to Tejas, and both companies will look to harness the 'potential of advanced telecom technologies globally.'
NEC has been designing and manufacturing wireless products for multiple telecom networks globally. Tejas too has large-scale deployment of its 4G/5G RAN products, and has developed a portfolio of 5G products. The collaboration for advanced 5G technology will supplement Tejas’ ongoing programmes, said the company, accelerating its aspirations.
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