India’s Sterlite Tech to Spend £33.47 Million to Add 15 Million Fibre Kilometers By 2020

India’s Sterlite Tech, an end-to-end global technology leader in smarter digital networks said the addition of 15 million fibre kilometers to its optical fibre cabling capacity, doubling it to 33 million fibre kilometers by 2020.

The company’s board of directors has approved £33.47 million capital expenditure for this expansion, which will be financed through a mix of internal accruals and debt. The enhanced capacity is expected to come online by 2020 in a phased manner.

As leading global markets invest in deep fiberisation for hyper-scale network applications such as 5G, FTTx, and data centre connectivity, this expansion will reinforce Sterlite Tech’s position as a major provider of fibre and software-based smarter networking solutions.

“Given exponential data growth, telcos, internet companies and governments around the globe are looking for innovative network solutions for hyper-scale connectivity. Our customers see us as unique design-build-manage partners who are forward integrated from fibre and cable to network design and software solutions,” said Dr Anand Agarwal, CEO at Sterlite Tech.

The company is expanding its solutions portfolio very rapidly. Recently, it announced a 100 per cent acquisition of Metallurgica Bresciana in Italy for cable expansion, while earlier it had announced an expansion of its optical fibre capacity via a greenfield investment.

Sterlite Tech is also actively working on software-defined networks in virtualised environments.