Sri Lanka Contract for Sterlite

Sterlite Optical Technologies has been awarded two contracts for
supply of fiber optic cables to Sri Lanka Telecom. The contracts have a combined
value of over Rs 32.2 mn and deliveries would be completed this year. Sterlite
Optical Technologies has had recent success in the Saarc region with
commencement of supplies of copper telecom cables to Bhutan Telecom and supplies
of fiber optic cables to Bhutan, Nepal, and Bangladesh. In the last few years,
Sterlite Optical Technologies has made impressive gains in international markets
like China, Europe, and the West Asia and is attempting to gain a foothold in
other emerging markets. Sterlite Optical enjoys a 7% market share in China.