Riding on the expected telecom and 5G expansion, HFCL is well positioned with 5G-centric products and its optical fiber cables business. With a strong order book and an improving financial performance, the company will now hope for renewed investor interest
On October 1, at a packed India Mobile Congress, a digital technology event in New Delhi, Mahendra Nahata, the founder and managing director of HFCL, a telecom enterprise and communications products provider, was seen exhibiting the new Wi-Fi 7 Access Points, built in collaboration with Qualcomm. This product will support peak data rates of over 10 gigabits per second (Gbps)—almost double the speed of current such products—and latency under 2 millisecond (low latency means minimum data transfer delay), compared to 5 Gbps and 10 ms of current Wi-Fi 6 products.
Reliance Industries’ Chairman and Managing Director Mukesh Ambani, whose subsidiary Jio Platforms is India’s largest telecom operator, launched the Wi-Fi 7 AP and an 8T8R radio unit while watching its features. Jio is an important customer of HFCL’s, forming around a fifth of its order book. HFCL has laid the 4G fiber-to-the-home (FTTH) network and also mobile services for Jio in North India.