LTTS mentioned in a regulatory filing “Rs 800 crore, subject to customary working capital adjustments as stipulated in the agreement” in consideration for the sale. SWC has a workforce of over 700 engineers from diversified technology areas and has exceeded Rs 1,000 crores in annual revenue, LTTS said in a statement.
SWC has expertise in next-gen communications and has been instrumental in network design, planning, implementation and management including Network Operations Center (NOC), OSS, Data Center, Cloud/Private 5G of over 25,000 locations in all of India the statement.
SWC has also implemented smart metering in states like Uttar Pradesh, Haryana and Delhi totaling 6 million meters. Larsen & Toubro Limited, Chief Executive Officer and Managing Director of SN Subrahmanyan, said that by joining forces with a global engineering services provider like LTTS, SWC offerings in next-generation networks, smart spaces and cybersecurity will help unlock new synergies across the entire technology spectrum.
