Broadband
Sunrise Broadband Colorado in manufacturing deal with Taiwan’s Corona Tech
MUMBAI: Sunrise Broadband Group, Inc. (SBBD) has announced through its wholly owned subsidiary, Sunrise Television Networks, Inc., that it has reached final agreement with Corona Technology headquartered in Taipei, Taiwan, to continue to manufacture the ‘Megapowersaver’ product.
The agreement calls for Corona Technology through its California Research and Development group to improve and modify the energy-saving unit for distribution throughout the world. Corona will also work with SBBD management to develop IP-based set-top boxes for the Company’s “VoD” (Video-on-Demand) service, states an official release.
SBBD also announced that its product, Megapowersaver, has applied for CE certification in Europe and has applied for certification of Underwriter’s Laboratories (UL) for distribution in the United States.
Said Sunrise Television Networks president Nick Peronace, “The agreement with Corona Technology will provide the company with an internationally known research and development group that can assist Sunrise management to implement its business plan. Already we have received more than one hundred inquiries regarding licensing and distribution opportunities in Canada, Europe, South America, the Caribbean, and India.”
“The agreement with Sunrise Television Networks provides a strong marketing and distribution strategy for Megapowersaver. It also provides Corona with the opportunity to work with a next-generation broadband company like Sunrise to assist management with the goal of providing consumer products and services that meets the needs of the end user,” said Corona Technology chairman Tony Chen.
Headquartered in Broomfield, Colorado, Sunrise Broadband Group, Inc. is a company focused on delivering broadband solutions to rural communities through strategic acquisitions and mergers. The company has selected strategic cable television systems to upgrade and consolidate infrastructure, resulting in increased bandwidth, improved customer service, and improved reliability.
In addition, the company will be applying its advertising and marketing skills, along with its acquired patents and products, to offer a wide variety of products and services not just to its cable subscribers but also to its new worldwide distribution rights.
Broadband
Tejas Networks names Arnob Roy as MD and CEO, overhauls top leadership team
The Bengaluru-based telecom gear maker reshuffles its entire top team even as quarterly revenue collapses by 83 per cent
BENGALURU: Tejas Networks is changing the guard at the top, and doing so at speed. The Bengaluru-headquartered telecom equipment maker has elevated Arnob Roy as managing director and chief executive officer, effective April 15, 2026, for a term running through to August 3, 2028, and in the same breath announced new appointments across operations and finance. The timing is pointed: the company is navigating one of the roughest patches in its recent history.
Roy steps up from his role as executive director and chief operating officer, a position he has held since March 2019. He brings more than three decades of experience in the high-technology sector across research and development, operations, and sales. His predecessor, Anand Athreya, resigned last year citing personal reasons and was relieved on June 20, 2025, leaving a gap at the top that has now been formally filled.
The numbers Roy inherits are sobering. Tejas posted a net loss of Rs 211.3 crore in the fourth quarter of fiscal year 2026, a near-194 per cent widening year on year from Rs 71.8 crore in the same period a year earlier. Revenue for the quarter collapsed 82.6 per cent year on year to Rs 333 crore, down from Rs 1,907 crore. EBITDA swung to a loss of Rs 118.2 crore against a profit of Rs 121.5 crore a year ago. The culprit is not hard to identify: Tejas has derived the bulk of its revenue from BSNL’s fourth-generation network project, delivered as part of a Tata Consultancy Services-driven consortium, and that roll-out is now winding down.
Roy, speaking during a post-earnings conference call with analysts, was candid about where the company has been. “The BSNL 4G network went live across 100,000 sites. We deployed our largest indigenous router networks in the country through the BSNL MAN network, as well as in the BharatNet Phase 3 network,” he said, adding that Tejas had also successfully rolled out its 400G and 800G DWDM equipment in domestic and international markets, and continued the deployment of what it describes as the world’s largest satellite IoT network through its vehicle tracking system solution.
The pivot to new revenue streams is already under way. Tejas has partnered with Japan’s Rakuten Symphony and NEC Corporation to push deeper into international markets, with several Open Radio Access Network trials ongoing, one of which concluded recently. The company is also diversifying across equipment categories and geographies to sustain momentum as the BSNL chapter closes.
To prosecute that strategy, Roy needs a full team around him. Preetham Uthaiah has been appointed chief operating officer, moving up from his current role as vice president of product management for wireless products at Tejas Networks. Uthaiah brings nearly 30 years of global experience spanning engineering, product management, and business development across India and the United States. Before joining Tejas Networks, he served as executive vice president of product management, marketing, and strategy at Saankhya Labs, and held senior roles at Tech Mahindra on both sides of the Atlantic. He holds an MBA from Arizona State University and a degree in electronics and communications from Karnatak University.
On the finance front, AVS Prasad has been approved as chief financial officer, effective May 16, 2026, succeeding Sumit Dhingra, who has resigned. Prasad, currently serving as finance controller at Tejas Networks, brings over 27 years of experience within the Tata Group across telecom, aerostructures, and defence. A company secretary and cost and management accountant by training, he has spent more than 15 years in senior finance roles including CFO and financial controller positions, with expertise spanning corporate finance, treasury management, regulatory compliance, internal audit, and governance.
New chief executive, new chief operating officer, new chief financial officer — all installed in a single move, at a moment when the company’s largest revenue source is drying up and the next chapter remains unwritten. Tejas Networks has placed its bets. Now it has to deliver.
