CloudExtel is reportedly planning to invest Rs 10 billion over the next two years to expand its fibre network across the country. The funding will be sourced through a mix of internal accruals, bank loans, and additional investment from current stakeholders.
At present, Macquarie Capital, which invested $100 million in 2023 for a 51 per cent stake in CloudExtel, is the company’s largest shareholder.
Currently, the company manages a 12,500-kilometre fibre network and supplies small cells and light sites to telecom operators, enhancing connectivity in densely populated urban areas. CloudExtel is also adding 250,000 Fiber to the Home (FTTH) connections annually and aims to boost this number with the planned investment.
