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Sterlite Technologies board approves 25% interim dividend

Our Bureau Mumbai | Updated on January 15, 2018 Published on November 03, 2016

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.

Published on November 03, 2016
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