A 'ghostly' encounter

This is the first time we encountered a ghost fibre network, said a CEO

A multinational telecom corporation, which conducted its due diligence on an Indian company before taking over its fibre network, was in for a shock. When the MNC sent its executives for physical verification, they found that almost 40 per cent of the 100-kilometre fibre network it was supposed to buy was missing. “We have heard of ghost employees, but this is the first time we encountered a ghost fibre network,” said the CEO. No wonder the deal collapsed.