Comments
Sterlite Technologies’ board has approved 25 per cent interim dividend, or 50 paise per share of Rs 2 each for 2016-17, with November 11, 2016, as record date.
The initiative is in line with the company’s dividend distribution policy of payout of around 30 per cent of consolidated profit after tax, it said in a statement.
“World and domestic trends around expanding data consumption has brought focus onto smarter data networks as a strong differentiator in terms of quality network availability and longevity. The networks of tomorrow need to have high speed, very low latency and capability to handle large quantum of data and Sterlite Tech’s Smarter Networks deliver these,” said Dr Anand Agarwal, CEO, Sterlite Technologies.
The telecom industry is transforming to adopt the data era through 4G and 5G technologies, FTTH deployments and expanding infrastructure of telecom service providers. Government driven programmes like Smart Cities and BharatNet are also creating an environment for mega broadband infrastructure rollouts.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.