Sterlite Technologies Limited has recently announced that it is planning to invest nearly Rs 300-crore in optical fiber cables for its 5G network plans.
This will increase its capacity from 18 million to about 33 million fiber km as the telecom service companies have leveled their investments in the digital network structure. This is followed by the worldwide surge in data consumption in India amid the lockdown.
As mentioned by Anand Agarwal, CEO at STL group – “Optic-fibre cable holds a major share of telcos’ overall digital infrastructure investment. The demand is likely to grow to 20.08 million fiber kilometers by 2021 and 24.48 million fiber kilometers by 2022.”
Source: ETTelecom
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