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Home Investment

Colella to advise STL on global market strategy

Fiinews by Fiinews
September 17, 2021
in Investment, Technology
Reading Time: 2 mins read
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STL’s solutions to be the foundation of gigabit societies across the globe

Pune-headquartered STL (NSE: STLTECH), an industry-leading integrator of digital networks, has appointed Paolo Colella to its Advisory Council to advise the company on the strategic roadmap for its Network Services Business and help explore global opportunities.

Over the last decade, STL has built a strong expertise in offering tailored design, build and management services for digital networks across India. Bolstered by its strong experience and the recent acquisition of Clearcomm, a UK-based network integration company, STL now wants to take Network Services Business global and explore opportunities in new segments such as Enterprise IoT and Data Centers. Paolo will guide STL’s growth roadmap and contribute to the company’s strategic outlook in the global markets.

Speaking on Paolo Colella’s appointment, STL CEO for Network Services and Software Business, KS Rao said, “STL has proved its mettle in building scalable, highly responsive and agile networks that have set benchmarks for operational transformation, automation and efficiency.

“As we take our experience and expertise to global markets, Paolo will have a crucial role to play. I am confident that STL will benefit from his extensive international experience and vast knowledge and further strengthen its global presence. I welcome him to STL and look forward to his counsel.”

Commenting on his new association with STL on 15 Sept 2021, Paolo Colella noted, “STL has created a niche as a company that offers technology-led solutions that will be the foundation of gigabit societies across the globe. I am excited to be associated with a company like STL that is extremely innovation-centred and leads the way in enabling digital transformation at the edge.”

A former Ericsson executive, Paolo will work closely with the STL leadership team and its board of directors to advise the company on the strategic roadmap for its Network Services Business.

Paolo comes with more than 25 years of experience in Telecommunications, Technology, and Professional Services and has a passion for digital technologies and the benefits they bring to society. Paolo has held prominent senior executive positions, including India CEO and Head of Global Systems Integration Business at Ericsson. Having led business operations across 20 countries, Paolo has vast global leadership experience in strategy, business development, service delivery, P&L management, and M&A. His areas of interest are XaaS, 5G, IoT, OSS/BSS, and AI-assisted operations.

STL is an industry-leading integrator of digital networks that helps telcos, cloud companies, citizen networks, and large enterprises deliver enhanced experiences to their customers. #technology #exports #investment #economy /fiinews.com

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