Tejas Networks Stock Surges 12% on 5G Radio Supply Deal

Tejas Networks Shares Surge 12% Following Partnership with NEC Corporation

On February 26, Tejas Networks shares rose over 10% after the company announced a partnership with NEC Corporation to manufacture and supply 5G massive multiple-input multiple-output (MIMO) radios. This agreement aims to accelerate wireless innovation by leveraging Tejas Networks' expertise in carrier-class product development for global telecommunication companies.

Under the partnership, Tejas Networks and NEC Corporation will collaborate to co-create leading-edge 5G/5G-Advanced solutions that meet the evolving needs of customers worldwide. The partnership will also help NEC Corporation achieve supply-chain diversification, thereby mitigating risks for its customers.

At 11:30 am on February 26, Tejas Networks shares were trading 12% higher at Rs 355.55 apiece. The partnership is expected to accelerate wireless innovation and expand Tejas Networks' business internationally.

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Tejas Networks is a manufacturer and supplier of a versatile mobility product suite, comprising 4G and 5G radio access network (RAN) offerings, including high-capacity 32TR and 64TR massive MIMO radios that comply with both 3GPP and O-RAN standards. Despite this latest development, Tejas Networks shares have shed almost 41% in the last six months.