New Delhi: L&T Technology Services (LTTS) has bagged a $50 million deal from North American telecommunications and network provider to provide product integration services and secure LTE and 5G private networks across industries for newer business opportunities. The long-term agreement will help mid-sized company LTTS strengthen its telecom segment by using artificial intelligence (AI) and automation, according to a statement from LTTS.
“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.”
Chadha added the firm will integrate a GLOCAL services model with automation and AI-driven frameworks to deliver value and reliability to the telecom customer. “This will help us elevate our partnership with the client further,” he said. Mid-tier IT firms are securing larger deals as the pace of AI and digital transformation projects continues to grow.
In FY24, LTTS closed a major deal worth $100 million (Rs 800 crore) with the Maharashtra State Cyber Department. Last month, the Gujarat-headquartered software services provider secured a project from the Colorado Smart Cities Alliance (CSCA) to develop smart city projects across the state of Colorado. In November, LTTS also acquired California-based Intelliswift Software, along with its Indian arm, for $110 million to enhance its AI and software capabilities within the digital engineering suite for global clients.
