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Bharti Airtel buys around 25% stake in startup Lavelle Networks

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Bharti Airtel buys around 25% stake in startup Lavelle Networks

Telecom operator Bharti Airtel on Monday announced an agreement to acquire a roughly 25% stake in Bengaluru-based tech startup Lavelle Networks. In addition, ASM Technologies, a global provider of technical engineering and product development services, made a follow-on investment in Lavelle Networks.

In a statement on Monday, Airtel announced the acquisition of a strategic stake of about 25% in SD-WAN startup Lavelle Networks, but did not disclose financial details of the transaction involving the cash consideration.

Lavelle Networks specializes in software-defined wide area network (WAN) solutions that serve a range of industry sectors.

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“As more businesses turn to cloud-based applications to serve customers in a digital-first ecosystem, they need on-demand and reliable network connectivity,” Airtel said in the release.

As a result, there is an increasing demand for software-defined solutions that can flexibly serve cloud-based hybrid IT environments.

Airtel Business’ Network as a Service (NaaS) is a digital platform focused on emerging connectivity needs as businesses adopt cloud and digital.

In the NaaS portfolio, Airtel will provide software-defined connectivity solutions from Lavelle Networks and co-create a range of innovations as part of its platform.

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“It also aims to bring ‘Made in India’ products and solutions to businesses by providing cutting-edge technology and cost-effectiveness,” said Airtel.

The indicative time period for the completion of the acquisition is February 28, 2022.

Airtel said in a regulatory filing: “The acquisition of the stake in the investee company was done at a pre-financed corporate valuation agreed upon by both parties. For confidentiality reasons, the said valuation is not disclosed here.” Consider cash.

Founded in 2015, Lavelle Networks is a networking software startup that provides cloud-based technology to optimize security and manage enterprise branch offices.

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In addition, ASM Technologies, a provider of technical engineering and product development services, has made a follow-on investment in Lavelle Networks, the companies said in a statement, without providing details of the investment.

“ASM Technologies has been a partner of Lavelle Networks since its inception and even co-founded a Software-Defined Networking Center of Excellence (CoE) in Bangalore last year,” it added.

Earlier this month, Lavelle Networks was selected into the latest cohort of the Google for Startups Accelerator (GFSA) India program, which helps high-potential Indian tech startups build and scale in their early years.

Complete News Source : Business Standard

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Pahalgam Attack

Pachigam attack aftermath: International airlines avoid Pakistani airspace amid tensions with India

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Pachigam attack aftermath: International airlines avoid Pakistani airspace amid tensions with India

Due to a lengthier path, Lufthansa Flight LH760 from Frankfurt to New Delhi had to fly for over an hour longer on Sunday. Major foreign airlines, including Air France and Lufthansa, are avoiding Pakistani airspace as tensions between India and Pakistan remain high after a deadly terrorist assault in Pahalgam, Jammu and Kashmir, according to airlines and flight trackers on.

Monday. Air France agreed, stating that it had decided to halt flights over Pakistan due to the “recent evolution of tensions” between the two South Asian foes. “The airline has decided to suspend overflight of Pakistan until further notice,” Air France said in a statement, referring to the “recent evolution of tensions” between India and Pakistan The airline currently changing.

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In the wake of the recent Pachigam terror attack, a significant shift in international aviation routes has occurred. Following an uptick in security concerns and rising geopolitical tensions between India and Pakistan, several international airlines have opted to avoid Pakistani airspace, rerouting their flights to ensure passenger safety. The decision comes nations.

The Pahagam Terror Attack: A Trigger for Renewed Tensions

On the night of the attack in Pachigam, a popular tourist destination in Jammu and Kashmir, militants carried out a series of strikes on civilian and military targets. The assault left a number of casualties, both military personnel and civilians, sparking widespread condemnation. The attack, attributed to militant groups operating from across the border.

Airlines’ Concerns Over Safety and Security

In response to the escalating threat in the region, several international airlines, including prominent carriers from Europe, the Middle East, and Asia, have started to reroute their flights to avoid crossing Pakistani airspace. These precautionary measures, while not unprecedented, are a direct reflection of the security situation that has worsened in the wake of the attack.

Airlines typically rely on international aviation corridors for the fastest and most efficient flight paths, and Pakistani airspace has historically been a critical component of many international routes connecting Europe and Asia. However, in light of the heightened risk of military conflict, commercial carriers have begun to take proactive steps to avoid the region.

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European carriers, such as Lufthansa and Air France, have adjusted their flight paths over the past few weeks, choosing to bypass Pakistan altogether. Similarly, Middle Eastern giants, like Emirates and Qatar Airways, have rerouted certain flights to avoid potential risks associated with flying in close proximity to the disputed borders. These changes have led to longer flight.

The International Air Transport Association (IATA) has noted that these changes, while necessary, come with considerable logistical and financial consequences. Airlines must navigate alternative routes, which may lead to higher fuel consumption and longer durations of travel. Nevertheless, passenger safety is the highest priority, and the industry remains.

Diplomatic Implications and Regional Stability

The rerouting of international flights has far-reaching implications, not only in terms of aviation logistics but also for regional diplomacy. The decision to avoid Pakistani airspace can be seen as a subtle but clear indication of the international community’s concerns regarding with the growing uncertainty in the region, underscores the volatile nature of South the security situation between India and Pakistan. Such moves may further isolate Pakistan.

The Future of Aviation in the Region

As the situation unfolds, the aviation industry is closely monitoring developments. For international carriers, navigating the delicate balance between commercial operations and national security concerns is no small task. In the coming weeks, further changes in flight patterns are expected, depending on how the diplomatic and military tensions between India.

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