A repeater or booster is used in telecom network to enhance strength of wireless signal. Telecom operators in India mostly use equipment of foreign companies.
"The manufacturing operations of repeater division were consistently dropping with diminishing profitability due to stiff competition...The company has vacated the said premises and resolve to outsource the manufacturing operations," the company said in a BSE filing on Monday.
Shyam Telecom specialises in radio network or signal-based equipment.
It said that in the last few quarters, the size and quantum of the manufacturing operations even did not justify the manpower and space which the company was occupying.
In quarter ended December 2014, the company posted net loss of Rs. 2.29 crores and revenues earned were Rs 86.15 crores.
Shares of Shyam Telecom were trading at Rs. 33.90 apiece, down by 0.44 percent in afternoon session on BSE.
For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.