Shares of Tejas Networks Ltd rallied 11.25% to hit a day’s high of Rs 354.15 on 26th February. This occurred after the company announced that it has signed an agreement with NEC Corporation to manufacture and supply 5G massive MIMO radios.

Tejas Networks said it offers a wide range of mobility products, including 4G and 5G radio access network (RAN) solutions. According to its exchange filing, the portfolio includes high-capacity e2TR and 64TR massive MIMO radios that meet global 3GPP and O-RAN standards.

Chief Operating Officer Arnob Roy said the partnership with NEC will speed up wireless innovation. This will happen by combining both companies’ expertise in developing carrier-grade products for global telecom operators.

Masayuki Kayahara, Corporate Senior Vice-President of the Global Network Division at NEC Corporation, said the collaboration will also support supply chain diversification. He added that this will help reduce risks for customers by building a more resilient and flexible global ecosystem.

At 11:32 AM, shares of Tejas Networks were trading 11.30% higher at Rs 353.70 on the NSE.

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