Anand Agarwal, the group CEO of Sterlite Technologies Ltd—India’s largest optical fibre provider—has big plans for the company. Curiously, they have little to do with fibre. On 23 August, Agarwal told the press that Sterlite would hire 300-400 professionals to work on new focus areas. Specifically, developing wireless and 5G technology.
The announcement to ramp up its 3,100-strong workforce follows on from a string of peculiar investments over the past year. In September 2019, Sterlite acquired United Kingdom-based IDS Group, which designs data centres. Three months later, it picked up a ~13% stake in Israeli software firm ASOCS, which specialises in virtual radio access networks (RAN)—software for the radios that transmit mobile network signals.