• Thursday, August 11, 2022

Business

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

India’s Sterlite Tech to Spend £33.47 Million to Add 15 Million Fibre Kilometers By 2020 (Photo Credit: FRED TANNEAU/AFP/Getty Images).

By: Radhakrishna N S

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…

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