iWorld

ACT to invest Rs 7 bn in wireline infra, Rs 1 bn for Delhi

MUMBAI: Atria Convergence Technologies, India's third largest wired broadband services firm after BSNL (9.80 million subscribers) and Bharti Airtel (2.09 million), plans to invest up to Rs 7 billion this year to expand its presence and infrastructure across India, which will be funded through internal accruals and debt.

The Bengaluru-based company, which has a presence in 11 cities, has been seeking to enter 3-4 cities and also expand presence in regions such as Delhi-NCR, PTI reported.

ACT CEO Bala Malladi said that it was not about just setting up base in a city...the investment would include establishing infrastructure and also maintenance. Malladi said they were looking at strengthening their presence in the Delhi market and would also be expanding to Gurugram as there were good opportunities in these geographies, adding that the average data consumption on its network in Delhi was already higher compared to other cities. He added that ACT will invest Rs 1 billion over the next 24 months to expand its presence in the Delhi region.

ACT, which started operations in Delhi some few months ago, has a crucial scale in cities such as Hyderabad, Bengaluru and Chennai. It had a turnover of Rs 13 billion at the end of March 2017. Of the 18 million wired broadband subscribers in India, ACT had 1.2 million subscribers in May 2017.

The company had started its operations in the year 2000 as a cable TV service provider supported by investments from private equity firms TA Associates and True North.

Malladi ruled out any impact on its business after the entry of players such as Reliance Jio, which offered affordable data plans. He said that wired broadband users typically had high consumption. The lowest speed ACT offered was 20 Mbps.

Also Read: High-speed data services & on-demand bandwidth expectation prompt new telecom policy

Broadband subs growth slows further, wireline broadband loses subs

ACT still leads in wired sub addition, Idea & BSNL lose wireless subs

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/18/giga.jpg?itok=vDdl3q-Z
Reliance Jio adds 27.9 mn subs in Q3; GigaFiber marks entry in 1400 cities

Mukesh Dhirubhai Ambani’s juggernaut Reliance Industries Ltd (RIL) reported 50.7 percent growth in gross revenue for the quarter ended 31 December 2018 (Q3 2019, quarter or period under review) as compared to the corresponding year ago quarter. The company’s operating result was 25.4 percent higher...

iWorld Broadband
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/18/netflix.jpg?itok=JpcXoHp5
Netflix adds 8.8 million paid subs in Q4; stock falls as spending weighs on profits

Netflix in its Q4 earnings beat Wall Street expectation in terms of international subscriber growth but the same in its domestic market remains tepid. For the quarter, the online video platform reported 1.5 million domestic subscriber addition and 7.3 million new subscribers internationally.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/17/soni.jpg?itok=tAQGl6BW
Netflix releases the trailer for Soni

Netflix today launched the trailer for the critically acclaimed film Soni, will launch on the service in 190 countries on January 18, 2019.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/16/netflix.jpg?itok=2ONeyqP2
Netflix raises US prices for the first time since 2017

Is Netflix feeling the heat of well-funded competitors? The king of OTT platforms is increasing its US prices for the first time since 2017.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/16/amazon.jpg?itok=iGBubUbg
Amazon Prime Music introduces innovative Hands Free Feature to enjoy music using voice on its mobile app

Amazon Prime Music further deepens its focus on innovative voice features with the introduction of Hands Free feature that enables listeners an effortless, lean-back music listening experience on their Amazon Prime Music mobile app.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/15/zee5_0.jpg?itok=fW0EZPct
ZEE5 maintains momentum with 56.3 mn MAU in third quarter

Media conglomerate Zee Entertainment Enterprises Limited (ZEEL) on Tuesday published its third quarter financial results with its OTT ZEE5 demonstrating continued growth.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/15/amazon.jpg?itok=U2dl6g2r
Amazon Prime Video drops the full title track of upcoming Prime Original Series Four More Shots Please!

There’s a new anthem for friendship and female bonding in town and Four More Shots Please! is the clarion call! Amazon Prime Video, today dropped the entire title track of Four More Shots Please! Releasing shortly after the no-holds-barred trailer, this title track reinforces the theme of the show...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/15/zee5.jpg?itok=GhFSBX4Y
ZEE5 bridges boundaries to #ShareTheLove with Pakistan, Bangladesh

Three months after its soft launch across 190+ countries, digital entertainment platform ZEE5 is now zooming in on specific priority markets.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/14/star.jpg?itok=LxpWFf1D
Star India's ambitious foray into content with Hotstar Specials

Star India, the nation’s storyteller and its most innovative content company across TV, Films & Sports, is ready with its next big leap in content on the back of its OTT, Hotstar.

iWorld Over The Top Services

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories