Thanks for the link @nityanandparab
On a lighter note, I was amused by following statement in article.
“SA’s ambitions broadband connectivity project – SA Connect – aims to deliver widespread broadband access to 90% of the country’s population by 2020, and 100% by 2030.”
I wonder why it would take only until 2020 to reach 90% and another 10 YEARS to reach 100%. Nevertheless, its good to see Tejas partnering with local companies in various countries. What is disappointing is that Tejas has not been doing well domestically apart from PSU based projects.
While Ciena, the biggest competitor of Tejas doubled its India revenue in last one year, Tejas did not show much growth. What it indicates is that products of Tejas are not being favored over Cienna and the later has not only been able to tape the Telecom infrastructure growth in India but also take market share from players like Tejas.
Following document talks about market share of telecom equipment companies in India. It’s a year old report, not sure about the current statistics.
Following document mentions that growth is expected to be more focused on WDM where Cienna is the leader while Tejas is leader in aggregation.
@sarthakkumar19_ Like you said, investment thesis for me is more based on growth expectations from USA and other countries. I still would like to understand more about why Tejas is not doing well in private sector domestically. What keeps me invested is the large addressable and growing market for Tejas and the fact that Tejas has just started working on Sales in many countries and for the kind of business they are in, it takes time for such efforts to show results. In USA, they have moved from being an OEM for some company to selling under their own brand name, this also takes time and might be very beneficial in future if executed well.