MTI Wireless Edge Ltd - Rosh-Ha’Ayin, Israel-based communication and radio frequency technology - Establishes new subsidiary, MTI Wireless Communication India Private Ltd, ‘to cater to the demand for cutting-edge antennas in India’s rapidly evolving 5G cellular market.’ New company will therefore offer ‘an extensive range’ of antennas for 5G networks.

Chief Executive Officer Moni Borovitz says: ‘We are thrilled to...contribute to India’s ambitious 5G journey. We are eager to continue to support India’s telecom operators, enterprises, and industries in deploying high-performance 5G networks across the nation.’

Current stock price: 43.50 pence, up 2.3% on Friday morning

12-month change: down 22%

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