Sterlite Power Acquires Stake in MTCIL JV for OPGW Fibre Network in Maharashtra

#SterlitePower #FibreNetworks #OpticalGroundWire

Source: Sterlite Power

“We intend to replicate this PPP OPGW model in other parts of the country. Such large-scale OPGW fibre roll-out is essential to achieve the ‘Digital India’ vision aimed at transforming the country into a digitally empowered society and knowledge economy.” - Pratik Agarwal, MD, Sterlite Power

April 2022 : Sterlite Power has announced acquisition of 64.98% equity stake in Maharashtra Transmission Communication Infrastructure Limited (MTCIL) - a joint venture with Maharashtra State Electricity Transmission Company Limited (MSETCL).

MTCIL is a Public Private Partnership for OPGW (Optical Ground Wire) Fibre networks operating on a ‘BOOM’ model. MTCIL operates a fibre network of ~3,162 km across 35 Co-locations, serving Telcos, ISPs and data centres, in the state of Maharashtra. Sterlite Power acquired this equity stake from Sterlite Technologies Limited (STL).

Commenting on the acquisition, Pratik Agarwal, Managing Director, Sterlite Power, said, “OPGW fibre networks offer a reliable data delivery solution and help leverage the existing power utility infrastructure for telecommunications purposes. We intend to replicate this PPP OPGW model in other parts of the country. Such large-scale OPGW fibre roll-out is essential to achieve the ‘Digital India’ vision aimed at transforming the country into a digitally empowered society and knowledge economy.”

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