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WKN: A2JMXH | ISIN: US97382A3095 | Ticker-Symbol: N/A
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WINDSTREAM HOLDINGS INC Chart 1 Jahr
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Sterlite Technologies Ltd - STL: STL deepens partnership with Windstream to enable fast fiber connectivity in the US

COLUMBIA, S.C. and LONDON and MILAN, July 11, 2023 /PRNewswire/ -- STL (NSE: STLTECH), a leading optical and digital solutions company, today announced its partnership with Windstream, a privately held communications and software company, to support their large-scale fiber expansion projects.

STL Logo

Windstream Wholesale, an optical technology leader of fast and flexible advanced solutions, has multiple fiber construction projects underway including an extension of its existing Tulsa, OK route from Little Rock, AR, to Memphis, TN; a new fiber build from Raleigh, NC, to Jacksonville, FL; and another project from New York City to Montreal. Additionally, Windstream, through its Kinetic business, is bringing the best internet experience to more and more homes, businesses, and carrier partners across America. Kinetic by Windstream is investing $2bn to dramatically expand gigabit internet service across its 18-state footprint.

The collaboration started in February 2021, when the STL began providing Optical Networking Solutions to Windstream. Building upon this foundation, STL has expanded its offering set to provide advanced optical designs like high-fiber count Intelligently Bonded Ribbon and Flat ribbon, in addition to its loose tube optical cables. These products are designed to ensure faster rollout, superior network longevity, and high scalability, aligning perfectly with Windstream Wholesale's requirements for metro, and long-haul optical networks, which currently provide up to 400G wave services to its customers and will support 800G transmission in the future.

"For us, it is a top priority to deliver the best reach and customer experience to our consumers, including the world's largest hyperscalers," said Buddy Bayer, President of Windstream Wholesale and Enterprise. "And we want to do it fast. Windstream sets the bar high in terms of technology and engineering and we are confident that STL, with nearly 30 years of Optical expertise and global footprint, will ably support our connectivity ambitions. It's a bonus that both companies are also equally committed to rural broadband."

"STL and Windstream are extremely well positioned to take advantage of future market opportunities such as the $42 billion Broadband Equity, Access, and Deployment (BEAD) Program," said Jeff Small, President of Kinetic by Windstream. "Kinetic is committed to bringing the fastest, most reliable internet service to residents in under-connected communities using the best construction materials manufactured here in America."

The BEAD Program and other U.S. federal infrastructure projects include domestic manufacturing requirements for fiber optic cable and other equipment. STL has set up a state-of-the-art, Industry 4.0-certified manufacturing facility in South Carolina that will enable it to produce 'Made in America' Optical solutions for Windstream and other service providers. STL is committed to producing compliant materials with shorter-than-average market lead times through this onshoring effort and through flexing its global supply chain.

Expressing his excitement about the partnership,Paul Atkinson, CEO of STL's Optical Networking Business, said: " We think of our customers first. Our goal is to partner and co-develop advanced and sustainable Optical solutions with our key customers so that they can contribute to America's broadband ambitions. I am very excited to work ever more closely with Windstream and collectively create value for communities and businesses in the US."

About STL

STL, driven by its purpose of 'Transforming Billions of Lives by Connecting the World', designs and manufactures advanced optical and digital solutions in 4 continents with customers in more than 100 countries. Telecom operators, cloud companies, citizen networks, and large enterprises recognize and rely on STL for advanced capabilities in Optical Connectivity, Global Services, and Digital and Technology solutions to build ubiquitous and future-ready digital networks. Championing sustainable manufacturing, the company has committed to achieve Net Zero emissions by 2030. With top talent from 30+ nationalities, STL has earned numerous 'Great Place to Work' awards and been voted as the 'Best Organization for Women' Read more, Contact us, stl.tech | Twitter | LinkedIn| YouTube

About Windstream

Windstream Holdings is a privately held communications and software company. Windstream Wholesale is an innovative optical technology leader that creates deep partnerships with carriers, content and media providers, and federal government agencies to deliver fast and flexible, customized wave and transport solutions. Additional information is available at windstream.com or windstreamwholesale.com. Follow us on Twitter at @Windstream.

Logo: https://mma.prnewswire.com/media/876464/Sterlite_Technologies_STL_New_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/stl-deepens-partnership-with-windstream-to-enable-fast-fiber-connectivity-in-the-us-301874282.html

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