Network-as-a-service

27 Apr,2024

News Excerpt:

Network-as-a-service (NaaS) provider CloudExtel has secured its first external debt funding of Rs 200 crore.

More about News:

The funding aims to enhance CloudExtel's market presence in fibre and small-cell deployment across India.
The telecom infrastructure provider has also received an A- credit rating from CARE Ratings.
The debt funding comes after CloudExtel secured equity investments from Macquarie Capital and Advencap in FY24.

The combined capital will strengthen our position to effectively respond to market opportunities as we expand our deployment in network infrastructure to transform the telecom space
With this capital infusion, the company plans to intensify its market presence in Fiber and Small Cells deployment.
It added that only 33% of telecom towers in India are fiberised against 70%+ across global markets.

With demand is expected to be further amplified with data centres and FTTH (Fiber-to-the-Home) growing at a CAGR of 40% and 27% for the top 10 cities, respectively.

Network-as-a-Service (NaaS)

It stands as a cloud service model wherein clients lease networking services from providers.
With NaaS, customers can manage their networks without the burden of maintaining physical infrastructure.
Operated through software by vendors, NaaS enables companies to establish networks solely through Internet connectivity, eliminating the need for hardware.
It serves as a modern alternative to traditional networking setups like VPNs and MPLS connections, as well as on-premise hardware such as firewalls and load balancers.
This innovative approach to routing traffic and enforcing security policies has significantly reshaped enterprise networking architecture.

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