Tata Elxsi Teams Up with Red Hat to Drive 5G Network Monetization

MT Newswires Live06-14

Engineering and design services company Tata Elxsi (NSE:TATAELXSI, BOM:500408) partnered with enterprise open-source software provider Red Hat for 5G network monetization, according to a press release filed with the Indian bourses on Friday.

The tie-up will enable global telco operators to monetize their networks using 5G applications across transportation, manufacturing and healthcare industries through proven verticalized applications and joint solutions.

The partnership will also help telcos to streamline operations and minimize operational expenditure through Tata Elxsi's autonomous network platform, Neuron, and Red Hat's hybrid cloud application platform, Open Shift, the release said.

Shares of Tata Exlsi went up 1% in recent trade.

Price (INR): â¹7299.00, Change: â¹+67.95, Percent Change: +0.94%

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