Homegrown telecom vendor PertSol aiming to raise upto Rs 350 crore for 5G, international expansion; wins deal from BT

PertSol recently bagged a contract worth Rs 30 crore from state-run BSNL to deploy Location Based System (LBS) for the telco’s pan-India 2G/3G/4G network. The deployment of LBS was mandated by the telecom department in 2014 under the Unified Access Service License (UASL) rules

NEW DELHI: Mumbai-based telecom vendor PertSol (Pert Telecom Solutions) is looking to raise Rs 250-350 crore at the valuation of Rs 1,000 crore from private equity firms to expand its international operations and to build a 5G portfolio to tap the domestic opportunity, sources said.

“PertSol is in discussions with certain organizations and PE to raise funds for their expansion plans,” a source familiar with the matter told ET. “The company is planning offices in the US, the UK and Singapore.”

The person added that the company intends to also use the money to expand its 5G solutions portfolio which will help to to tap tier 1 and tier 2 telecom operators in India and other global markets.

The company has also bagged a deal from British Telecom (BT) to deploy IPLC Lawful Interception for their Indian ILD network. A company spokesperson confirmed the deal and said that PerSol also won projects from international organisations such as Ring Central for OTT Interception. He, however, didn’t offer any comments on fundraising plans.

“…this year, we have successfully delivered a project in Uganda and are rapidly expanding in other geographies,” the spokesperson added.

PertSol recently bagged a contract worth Rs 30 crore from state-run BSNL to deploy Location Based System (LBS) for the telco’s pan-India 2G/3G/4G network. The deployment of LBS was mandated by the telecom department in 2014 under the Unified Access Service License (UASL) rules.

PertSol is currently working with HFCL, L&T and Tech Mahindra as a vendor partner for 4G core to BSNL’s 4G trials for domestic solutions.

Incorporated in 2014, PertSol claims that it has 100% in-house telecom solutions to provide packet core for 3G and 4G LTE data services. It also claims to offer IMS (VoLTE) and the entire packet core stack.