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68.00    2.00 (2.99%)
Bid:
67.00
Ask:
69.00
Spread: 2.00 (2.985%)
Market Cap: £59.48m
MWE Live PriceLast checked at - London Stock Exchange

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IN BRIEF: MTI Wireless starts India branch to capitalise on 5G growth

Fri, 21st Jul 2023 09:44

MTI Wireless Edge Ltd - Rosh-Ha'Ayin, Israel-based communication and radio frequency technology - Establishes new subsidiary, MTI Wireless Communication India Private Ltd, "to cater to the demand for cutting-edge antennas in India's rapidly evolving 5G cellular market." New company will therefore offer "an extensive range" of antennas for 5G networks.

Chief Executive Officer Moni Borovitz says: "We are thrilled to...contribute to India's ambitious 5G journey. We are eager to continue to support India's telecom operators, enterprises, and industries in deploying high-performance 5G networks across the nation."

Current stock price: 43.50 pence, up 2.3% on Friday morning

12-month change: down 22%

By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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