Sterlite Power has announced acquisition of 64.98 per cent equity stake in Maharashtra Transmission Communication Infrastructure Limited (MTCIL). MTCIL is a joint venture with Maharashtra State Electricity Transmission Company Limited (MSETCL).
MTCIL is a public-private-partnership (PPP) for optical ground wire (OPGW) fibre networks operating on a ‘BOOM’ model. MTCIL operates a fibre network of approximately 3,162 kilometres across 35 Co-locations, serving telcos, internet service providers (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.”