BackSterlite Technologies bags Rs373 cr project from BSNL
Sterlite Technologies bags Rs373 cr project from BSNL
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New Delhi: Telecom transmission solutions provider Sterlite Technologies on Monday said that it has bagged a contract worth Rs372 crore from state-run Bharat Sanchar Nigam Ltd (BSNL) for a fibre-to-the-home (FTTH) network project.
FTTH Network would enable BSNL subscribers to access high speed bandwidth (over 100 Mb/s) as well as utility applications such as high definition video conferencing or entertainment applications such as high-speed gaming, Sterlite Technologies said in a statement.
BSNL plans to implement similar FTTH networks in 25 cities across the country by 2012, which would impact 2 million subscribers.
The current phase of the FTTH network would be capable of providing high-speed internet, IPTV solutions, VoIP, and other value added services to about 5,00,000 subscribers, Sterlite Tech said.
“We believe FTTH will offer subscribers limitless possibilities by serving the requirements of bandwidth-hungry applications and this would revolutionize the way subscribers work, live and play," Sterlite Technologies CEO & Director Anand Agarwal said.
BSNL will be the first telecommunication company in the country to deploy commercial scale FTTH network, the statement said.
Sterlite Tech (formerly, Sterlite Optical Technologies) expects to execute this project in the current fiscal.
Shares of Sterlite Tech were trading at Rs162.35, down 4.86% in the afternoon trade on the BSE.
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