Sterlite Technologies Plans to Expand Its Fibre Capacity

Sterlite Technologies Plans to Expand Its Fibre Capacity

Sterlite Technologies Limited (STL) has recently announced that it is planning to invest nearly Rs 300-crore in optical fibre cables for its 5G plans.

This will increase its capacity from 18 million to 33 million fibre km as the telecom service companies have levelled up their investments in the digital network infrastructure. This is followed by the widespread surge in data consumption in India amid the lockdown.

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As mentioned by Anand Agarwal, CEO at STL group – “Optic-fibre cable holds a major share of Telco’s’ 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