India's 5G space booming with global, domestic players pitching in

India's 5G dreams may have been delayed amid the pandemic but this has not been able to detract the equipment makers from engaging in terms of equipment manufacturing and network development.

Further, both domestic and global companies are set to benefit from the non-participation of Chinese majors Huawei and ZTE in the 5G trials.

Global equipment majors such as Ericsson are not the only ones in the game. Even domestic players have risen up to the occasion and are now actively pursuing tie ups along with growing their technical prowess.

Tech Mahindra, Sterlite Technologies Ltd and state-run ITI Ltd are among the Indian companies which have come up with 5G expertise.

The latest announcement of Tata Sons' subsidiary Panatone Finvest acquiring controlling stake in telecom equipment maker Tejas Networks would toughen the competition.

Panatone Finvest will buy a 43.3 per cent stake in Tejas Networks for Rs 1,850 crore and along with other Tata Group companies, Panatone would make a public announcement to acquire up to another 26 per cent stake in Tejas.