Sterlite Technologies wins European patent dispute against Fujikura

Broadband technology firm Sterlite Technologies Ltd (STL) on Friday (July 10) said it has secured a decisive victory in its European patent dispute with Fujikura Ltd after the European Patent Office (EPO) Technical Board of Appeal revoked Fujikura’s European Patent EP 3796060 in its entirety.

The company said the ruling was issued at a hearing held on June 24, 2026 and is final, binding and non-appealable. The decision resolves the UK patent dispute between Sterlite Technologies and Fujikura in STL’s favour.

Sterlite Technologies said the ruling strengthens its position in optical connectivity markets across the UK and Europe. The company added that the decision supports its ability to defend its intellectual property position across the markets it serves, including North America, Europe, Middle East and Africa (MEA), India and the rest of the world.

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The company said its intellectual property portfolio has been developed over decades and is protected by a 785-patent portfolio spanning major global markets. Sterlite Technologies develops purpose-engineered optical solutions with customers to support AI-led digital infrastructure.

Dr Badri Gomatam, Group CTO, Sterlite Technologies, said, "STL deeply respects innovation and Intellectual Property, and we strongly protect our IP positions across the globe.

This ruling by the EPO's highest appellate body is a powerful affirmation of the strength of our global IP position, the integrity of our R&D and deep technology capability. Our fully vertically integrated 'Glass to Data Centre' capability ensures unmatched quality control and absolute supply chain resilience for our global customers."

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This month, Sterlite Technologies said it had raised ₹1,500 crore through a qualified institutions placement (QIP), with participation from domestic and global investors.

The company said it allotted 2.57 crore equity shares to qualified institutional buyers, taking its paid-up equity share capital to ₹102.78 crore, comprising 51.39 crore equity shares.

Investor participation included Motilal Oswal, Nomura, HSBC, Bank of India, Oxbow, Think Investments, Bandhan and Manulife, among others. Sterlite Technologies Ltd said the proceeds will be primarily used to reduce debt.

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"The proceeds from the QIP will be primarily utilised 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,” it said.

Ankit Agarwal, Managing Director, Sterlite Technologies, 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."

Shares of Sterlite Technologies Ltd ended at ₹541.80, down by ₹9.45, or 1.71%, on the BSE.

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