Hathway to invest Rs500 crore in south India over the next 3 years
Hathway MD Rajan Gupta says will invest around Rs500 crore in south India, as part of the firm’s plans to launch a high-speed broadband internet service
Chennai:Cable and internet service provider Hathway Cable and Datacom Ltd will invest around Rs500 crore in south India over the next three years, as part of its plans to launch a high-speed broadband internet service, a top company official said on Thursday.
The Mumbai-based firm, which already provides Internet services through the “Docsis 3” technology has made commercial launch of the service through GPON fibre-to-home technology, managing director of Hathway Cable and Datacom Ltd, Rajan Gupta, said.
“We have seen an explosion in demand (for broadband Internet) in the last one year in Chennai... Average broadband consumption across the country is 45GB whereas in Chennai it is 90GB per month... From today, we are making the commercial launch in Chennai with GPON technology,” he said.
Elaborating, he said the company hoped to cover five lakh consumers over the next three years. “Investments will be around Rs400 to 500 crore in the three-year period... It will be for setting up data centre and other infrastructure... We are hoping to cover five lakh customers in three years,” he said.
Noting that existing operators provided broadband service through copper wires, he said the company would offer it through fibre cables providing high-speed services. “Our package will be starting from Rs999 onwards per month with speeds up to 150 mbps and 1000GB data unload per month... Second option will be 200mbps and 1000GB data at Rs1,299 per month,” he added.