Airtel buys around 25% stake in Lavelle Networks

Telecom operator Bharti Airtel on Monday announced an agreement to acquire about 25 per cent equity stake in Bengaluru-based technology start-up Lavelle Networks.

Further, ASM Technologies, a global technology engineering and product development services provider, has done a follow on investment in Lavelle Networks. In a statement on Monday, Airtel announced the acquisition of about 25 per cent strategic stake in SD-WAN start-up Lavelle Networks but did not disclose financial details about the deal that entails a cash consideration.

Lavelle Networks specialises in software-defined Wide Area Network (WAN) solutions and it serves a range of industry segments. As more enterprises move to cloud-based applications to serve their customers in a digital-first ecosystem, they require on-demand and reliable network connectivity, Airtel release said.

As a result, there is an increased demand for software defined solutions that have the agility to serve a cloud-based hybrid IT environment.

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