Bharti Airtel buys around 25% stake in startup Lavelle Networks

Telecom operator Bharti Airtel on Monday announced an agreement to acquire about 25 percent equity stake in Bengaluru-based technology startup Lavelle Networks. The agreement is subject to statutory approvals. "Airtel acquires about 25 percent strategic stake in SD-WAN startup Lavelle Networks", the company said in a statement.

Financial details about the deal were not disclosed. Lavelle Networks specialises in software-defined Wide Area Network solutions and it serves a range of industry segments. "As more enterprises move to cloud-based applications to serve their customers in a digital-first ecosystem, they require on-demand and reliable network connectivity," the release said.

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