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STL raises INR 1500 Cr through Qualified Institutions Placement

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MUMBAI, India, July 2, 2026 /PRNewswire/ — STL [NSE: STLTECH], a leading optical connectivity solutions company, announced that it has raised INR 1500 Cr through a Qualified Institutions Placement (QIP). The entire process saw participation by reputed domestic and global investors including Motilal Oswal, Nomura, HSBC, Bank of India, Oxbow, Think Investments, Bandhan and Manulife, among others.

The robust response underscores investor confidence in STL’s 30+ years of experience in manufacturing quality optical connectivity products using, its vertically integrated “Glass to Terabit” capability, and the growing global demand for optical connectivity products driven by digital infrastructure buildouts by AI data centers, telecom players and large scale government programs.

The Company has allotted 2.57 crore equity shares to qualified institutional buyers, aggregating to INR 1,500 crore. Following the allotment, STL’s paid-up equity share capital stands increased to INR 102.78 crore, comprising 51.39 crore equity shares. 

The proceeds from the QIP will be primarily utilized to substantially de-leverage the Company’s balance sheet, significantly enhancing financial strength while creating a robust platform to fund the next phase of STL’s growth.

Ankit Agarwal, Managing Director, STL, said: “We are thankful to our investors for their continued support. This capital raise reflects the trust our investors place in STL’s vision and execution. We will deploy these funds to strengthen our balance sheet, pursue the next phase of our growth journey and accelerate our mission of transforming billions of lives by connecting the world.”

About STL – Sterlite Technologies Ltd:

STL is a leading optical connectivity solutions company, providing end-to-end solutions for building AI-ready infrastructure, FTTx, Rural Connectivity, Enterprise and Data Centre networks. With manufacturing facilities in North America, Europe and Asia, we deliver our solutions in more than 100 countries. Data Centre & Cloud companies, Telecom operators, Internet service providers and Large enterprises collaborate with STL to build their digital infrastructure. STL’s business goals are driven by customer-centricity, R&D and sustainability. Read more, Contact us, stl.tech | Twitter | LinkedInYouTube

For more information, contact: 

Media Relations

Shaily Rai Sinha

Phone: +91 22 30450450

stl.communications@stl.tech

Investor Relations

Rahul Darak

Phone: +91 22 30514000

investor@stl.tech

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ATS Names Eric Martin President

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PEORIA, Ill., July 2, 2026 /PRNewswire/ — Advanced Technology Services, Inc. (ATS), a leading provider of technology–driven industrial maintenance and reliability solutions, today announced the appointment of Eric Martin as President.

In this role, Martin will lead ATS’s Sales, Strategy and Operations organizations, further aligning the company’s capabilities to help manufacturers improve reliability, productivity and operational performance.

Martin brings more than 21 years of experience at ATS to the position, having served in leadership roles across operations, customer success, solution development and sales. Most recently, serving as Chief Sales Officer. Throughout his career, he has led teams across North America and the United Kingdom while helping drive operational excellence, customer growth and business performance.

“Eric’s broad experience across ATS, his deep understanding of our customers, and his commitment to our people make him exceptionally well suited for this role,” said Jeff Owens, Chief Executive Officer of ATS. “Throughout his 21-year career, he has demonstrated an ability to listen, understand the needs of our employees and customers, execute effectively and lead in a way that reflects our culture and values. As ATS continues to grow, I am confident Eric will help strengthen alignment across our organization and accelerate the value we provide to customers.”

As President, Martin will focus on advancing ATS’s long-term growth strategy and helping ATS continue delivering value for customers through its maintenance, reliability and technology-driven solutions.

“ATS has always been at its best when we focus on helping customers solve real operational challenges,” said Martin. “I’m honored to serve as President and excited to work alongside our talented team as we continue advancing the maintenance, reliability and technology-driven solutions that help manufacturers improve performance. We have a strong foundation, a clear strategy and tremendous opportunities ahead, and I look forward to helping lead the next chapter of growth for ATS.”

Owens will continue to serve as Chief Executive Officer, working closely with Martin and the ATS leadership team to advance the company’s long-term strategy and support continued growth.

About Advanced Technology Services: Advanced Technology Services, Inc. (ATS), is a global services provider with over four decades of proven experience as a single source for industrial maintenance, technology, and parts. Established in 1985, the company has grown to be a market leader supporting over 1,400 customer manufacturing sites. Through its industry-leading safetypeopleprocesses, and technologies, ATS is advancing solutions that make its customers’ operations more productive, more reliable, and more data-driven. Learn how ATS makes factories run better and smarter at www.advancedtech.com.

PRESS CONTACT: 
Kaitlyn Olsen 
Brand Strategy Supervisor
309-693-6375
418059@email4pr.com 

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SOURCE Advanced Technology Services, Inc.

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EZEE FIBER EXECUTIVES EARN MULTIPLE MERIT AWARDS HONORS

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Senior Leaders Recognized For Customer Experience, Workplace Excellence

HOUSTON, Texas, July 2, 2026 /PRNewswire/ — Ezee Fiber, a fast-growing fiber internet provider committed to connecting communities with reliable, high-speed broadband, today announced that two of its top executives have been recognized by the Merit Awards, a global program that honors the leaders, businesses and industries shaping today’s world.

Chief Operating Officer Pedro Checo earned two Merit Awards, taking home a Gold in Customer Experience and a Bronze in Customer Service & Support. The recognition reflects Ezee Fiber’s commitment to delivering an outstanding experience to customers at every touchpoint.

Mo Aslani, who serves as both Chief Financial Officer and leads the company’s human resources team, received a Silver award for Best Places to Work, recognizing his dual leadership roles.

The Merit Awards are judged by a panel of industry executives, members of the media and independent consultants, and recognize companies and individuals across industries including business, technology, telecom, human resources and more.

“We are incredibly proud of Pedro and Mo for these well-deserved recognitions,” said Matt Marino, Chief Executive Officer, Ezee Fiber. “These awards reflect the talent and dedication of our entire team and the culture we are building at Ezee Fiber.”

Marino also was selected to receive a Silver Merit Award for leadership excellence in his role as chief executive officer.

About Ezee Fiber

Ezee Fiber is a rapidly growing fiber internet company delivering premium multi-gig service to residential, business, and government customers over a 100% fiber-optic network—at exceptional value. The company’s carrier-grade infrastructure spans Texas, New Mexico, Illinois, Oregon, Michigan and Washington, supported by local teams who live and work in the communities they serve. Ezee Fiber’s industry-leading speeds, award-winning customer service, and transparent pricing model set the company apart. Learn more at www.ezeefiber.com.

About the Merit Awards

The Merit Awards recognize the leaders, businesses and industries shaping today’s world. Judged by industry executives, media professionals and consultants, the annual program honors excellence across Business, Technology, Healthcare, Telecom, Human Resources, Marketing and other sectors. Learn more at www.merit-awards.com.

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SOURCE Ezee Fiber

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Vero Fiber Networks Finalizes Acquisition of Velocity Fiber, Accelerating Growth in K-12 E-Rate Sector

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DENVER, July 2, 2026 /PRNewswire/ — Vero Fiber Networks (Vero), a leading fiber-optic infrastructure provider, announced today it has finalized the acquisition of Velocity Fiber, a fiber provider focused exclusively on the K-12.

E-Rate market operating across 4 states.

Founded with a core mission to serve the K-12 space, Vero has grown to become a versatile infrastructure partner, serving wholesale, technology, enterprise, and retail internet customers across 27 states and more than 370 markets. The acquisition of Velocity Fiber represents a strategic investment in Vero’s foundational vertical, expanding its network and K-12 customer base.

Because Velocity Fiber operates on a highly compatible infrastructure model, the acquisition allows Vero to seamlessly integrate these private fiber networks into its larger operational framework without any friction or service disruption for existing clients.

“Our company was founded on the belief that K-12 schools deserve high speed, private fiber infrastructure,” said Mary White, SVP E-Rate Vertical of Vero Fiber Networks. “We have always admired Velocity Fiber for their commitment to providing school districts with dedicated, unlimited bandwidth and for their customer-first support and look forward to providing that same level of service to Velocity Fiber customers going forward.”

The transition of network management is already underway and will be entirely transparent to customers, who will continue to receive uninterrupted service backed by the expanded resources of Vero.

About Vero Fiber Networks:
Vero Fiber Networks is a leading provider of fiber optic infrastructure solutions, with a proven track record of delivering fast and reliable connectivity to K-12 schools and libraries, higher education, state and local government, wireless carriers and hyperscale content providers. Vero is headquartered in Denver CO, with offices in several other locations across the country. Vero provides services through its subsidiaries and operates its flagship brands, Vero Fiber Networks, Vero Fiber, Glass Roots Construction, Clearnetworx, Deeply Digital, FastTrack Communications, MtnMax, and TEC. For more information, please visit https://www.veronetworks.com or reach out directly to: info@veronetworks.com.

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SOURCE Vero Fiber Networks

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