ACT Fibernet Plans Pan-India Roll Out Of High Speed Broadband Services
Bangalore based Atria Convergence Technologies (ACT), who are known for their cost-effective high speed broadband services plans to soon roll-out it’s services across India.
If you have not heard about ACT Fibernet, it is the same company that had acquired Hyderabad’s popular high-speed broadband service Beam Tele and rebranded themselves from ACT broadband to ACT Fibernet. Back in 2011, we had written about Beam Tele and at that time they were offering an envious 20 mbps unlimited broadband connections at Rs. 2500.
Their services are now available in Andhra Pradesh, Telangana, Karnataka and Tamil Nadu and the broadband plans they offer are even better. They have recently introduced a whopping 60 mbps unlimited broadband plan for Rs. 1999, 40 mbps unlimited plan for Rs. 1399 and 20mbps at Rs. 1049 per month.
The company is not stopping at 60 mbps – They soon plan to offer speeds of upto 250 mbps for commercial usage and 100 mbps for retail usage in Hyderabad and then expand it elsewhere too.
ACT provides Internet through Optical Fiber and also provide cable TV services. Due to the tremendous plans they offer, they have been able to grow much faster than their peers. They currently have over 4 Lakh subscribers in Hyderabad and Secundarabad and command a market share of 70 percent. In Bangalore, ACT has close to 1.5 Lakh subscribers, while in Chennai they have reached 5 percent market share within a year of launch in that city.
ACT has raised investments from global institutional investors like India Value Fund, Olympus Capital Asia and Kilimanjaro Netherlands are now expanding aggressively for which they have earmarked Rs 100 crore for each of their centres.
Speaking to ET, ACT’s CEO, Bala Malladi said that they are evaluating brownfield projects in Northern markets. He also said that while they were well-funded at this stage, they will be looking at follow-on rounds to fund their aggressive expansion plans.
Great News for Internet Consumers
ACT’s Pan-India expansion plans augurs well for internet consumers across India, because even now, broadband plans offered by various providers are far too expensive. Except for cities like Hyderabad, Bangalore and Chennai, where ACT is present, 20 mbps and 40 mbps plans are unheard of, leave alone 100 mbps.
Once ACT starts offering their services in various cities, the broadband prices are bound to come down, much to the relief of internet users across India!