Bharti Airtel takes stake in network start-up - Mobile World Live

Bharti Airtel takes stake in network start-up

31 JAN 2022

Bharti Airtel struck a deal to acquire a 25 per cent stake in India-based start-up Lavelle Networks, boosting the operator’s offering to enterprise customers.

Airtel revealed the investment in a regulatory filing without disclosing the sum, explaining its collaboration with Lavelle Networks would benefit its Business division’s Network-as-a-Service (NaaS) digital platform, designed to address connectivity requirements for enterprises as they migrate to cloud.

Lavelle Networks offers software-defined wide area network products to customers across a variety of industries, including large financial institutions and e-commerce businesses.

Ajay Chitkara, director and CEO of Airtel Business, said it will collaborate with Lavelle Networks to help enterprise customers in India’s “fast growing NaaS market”.

“With our end-to-end solutions play and brand trust, we are uniquely positioned to serve the needs of India’s fast-growing digital economy,” he said.

The agreement with Lavelle Networks is subject to regulatory clearance.

News of the investment comes shortly after Airtel secured backing to the tune of $1 billion from Google, which included a $700 million equity investment and $300 million committed to areas including access and digital inclusion.

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Kavit Majithia

Kavit joined Mobile World Live in May 2015 as Content Editor. He started his journalism career at the Press Association before joining Euromoney’s graduate scheme in April 2010. Read More >>

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