Associated with TrueNorth and TA Associates, ACT Fibernetand is believed to be the third largest wireline broadband provider after BSNL and Bharti Airtel and has a base of 1.2 million subscribers in India. Now for expanding its existing infrastructure, Atria Convergence Technologies has announced to invest 700 crores.
“We will invest Rs 600-700 crore this year to expand our infrastructure. It is not about just setting up base in a city… the investment would include setting up infrastructure and maintenance,” said ACT Chief Executive Officer Bala Malladi. He further added “Whenever the right time comes, we will be more than happy to do it. We are already talking to them. My topline is Rs 1,300 crore for March 2017.”
The ACT has marked its presence in 11 Indian cities and now eagerly trying to expand its network in three more cities including the NCR region. To be recalled, the company had already invested Rs 100 crore in transforming its fiber network to offer 1 Gbps speed in Hyderabad.
Seeing the competition with incumbents like Reliance Jio, the CEO commented, “Wired broadband users typically have high consumption and they want really high data speeds which wired networks can provide. The lowest speed we offer is 20 Mbps. Our focus is on offering reliable, efficient services at affordable prices,” and said there is no impact of that.
Some plans introduced by the ACT includes Rs 999 plan, under which users will get unlimited data at 10 Mbps speed. Also, there is Rs 1,499 plan that offers 200 GB data (upload and download each) at 75 Mbps.