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Airtel buys around 25% stake in startup Lavelle Networks

Lavelle Networks specialises in software-defined Wide Area Network solutions and it serves a range of industry segments.

January 31, 2022 / 01:11 PM IST
 
 
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Telecom operator Bharti Airtel on Monday announced an agreement to acquire about 25 per cent equity stake in Bengaluru-based technology startup Lavelle Networks.

The agreement is subject to statutory approvals.

"Airtel acquires about 25 per cent strategic stake in SD-WAN startup Lavelle Networks”, the company said in a statement.

Financial details about the deal were not disclosed.