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Sterlite Tech to double optical fibre cable capacity

Press Trust of India  |  New Delhi 

maker Friday announced doubling of its cable solutions capacity to 33 million fibre km.

It announced "the addition of 15 million fibre km to its cabling capacity, doubling it to 33 million fibre km".

The company's board of directors has approved a Rs 320 crore (USD 44 million) capital expenditure for this expansion, which will be financed through a mix of internal accruals and debt, said in a BSE filing.

It said the enhanced capacity is expected to come on-line by June 2020 in a phased manner.

"Given exponential data growth, telcos, companies and governments around the globe are looking for innovative for hyper-scale connectivity," it added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, September 14 2018. 22:30 IST