New Delhi [India], April 27 (ANI): Telecom operator Bharti Airtel on Wednesday said it has acquired a strategic minority stake in cloud-based networking solutions provider Cnergee Technologies under the Airtel Startup Accelerator Programme.

The percentage of shareholding or control acquired is nearly 7 per cent, Bharti Airtel said in a regulatory filing to the stock exchanges.

Also Read | Kabhi Eid Kabhi Diwali: Aayush Sharma Joins Cast of Salman Khan and Pooja Hegde's Film.

The stake acquisition will enable Airtel to sharpen its Network as a Service (NaaS) proposition for Small and Medium Businesses (SMBs) who are looking to accelerate their shift to cloud-based applications. Airtel already offers a wide range of connectivity and productivity solutions for SMBs.

Airtel Start-up Accelerator Programme invests in early-stage start-ups engaged in developing solutions based on new age technologies which also complements Airtel's Digital vision across segments.

Also Read | Hyderabad Horror: Stray Dogs Maul 2-Year-Old Anas Ahmed To Death.

Navi Mumbai-based Cnergee Technologies specialises in integrated networking solutions over cloud for businesses of all sizes. Cnergee has developed a range of 5G ready software tools for Network as a Service (NaaS) that can be deployed at scale to enable zero touch service provisioning, central remote monitoring, and management of all connected devices with a host of real-time analytics.

"As businesses move to cloud-based applications, software defined agile networks are becoming the norm. Airtel is on a mission to accelerate the digital transformation journeys of enterprises through our world-class NaaS platform," said Ajay Chitkara, Director and CEO, Airtel Business. (ANI)

(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)