HYDERABAD : Act Fibernet launched 1 Gbps wired broadband internet connection for the first time in India in Hyderabad on Thursday. With this, ACT (Atria Convergence Technologies) Fibernet, the third largest ISP in the wired broadband category after BSNL and Airtel, has become the first Internet Service Provider (ISP) to launch 1 Gbps wired broadband connection in India.
With 1.2 million customers, ACT is the largest non-telco ISP in the country and with an estimated turnover of about Rs 1,200 crore.
“Now India is on par with very few developed nations in case of high speed internet connection,” said Bala Malladi, CEO of ACT Fibernet.
ACT Fibernet has been working over the past one year to launch 1 Gbps internet connection initially in Hyderabad and will gradually introduce the service to other cities.
“We are growing between 25 and 40 percent year-on-year over the past five years and we expect the same growth rate in the future. Right now we have strong presence in Bengaluru, Hyderabad and Chennai and recently we entered the Delhi market,” said Malladi.
Adding, “We are planning to get into newer cities and expand our customer base.
We are planning to allocate about Rs 1,000 crore towards capital expenditure over the next 18 months for expansion.”
Act Fibernet has announced the launch of the first citywide 1 Gbps broadband access in India. K. Taraka Rama Rao (KTR), Minister for IT, Municipal Administration and Urban Development and Industries (MAUD) officiated the launch.
The 1 Gbps plan, which will be available from anywhere within Hyderabad, is about four hundred times the national average speeds, which is around 2.5 Mbps. Hayai and MTNL provide 10 Gbps plans in some pockets of Mumbai, and Reliance Ultraband offers a 1 Gbps connection in one locality in Mumbai. The MTNL plans are not available publicly, whereas Hayai provides 10 Gbps connections with unlimited data use for For Rs 19,999 a month.
Act is providing 1 Gbps plans for Rs 5,999 a month, with an FUP of 1 TB. Bala Malladi, CEO, Act Fibernet said, “With our citizens and the government moving towards the Digital India movement, high speed internet is the need of the hour. With the launch of our 1 Gbps broadband internet service, it gives me immense pride to turn this dream into reality.
The city of Hyderabad is apt for our maiden launch as it has some of the best technology brands, educational institutions and a vibrant economy. We are confident this product will transform the way internet is now being consumed at large and this will fast track the government’s newest target to connect all its 23 million Telangana residents through the Internet by 2018.“ Minister for IT, Municipal Administration and Urban development and Industries, KTR Rao said, “I am extremely pleased to be present here and witness the historic launch of 1Gbps broadband internet service for an entire city in the country.
It is my vision to connect our residents through high speed internet and I am sure this product from ACT Fibernet will further help fulfil my vision of making Telangana a tech and digitally advanced hub.”
The rollout allows Hyderabad to join one of the few cities worldwide with access to a 1 Gbps or faster connection.
Act is one of the biggest non telecom internet service providers in the country, and claim to have one of the best broadband infrastructure anywhere in the world.
Publish date: March 30, 2017 5:18 pm| Modified date: March 31, 2017 9:41 am
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ACT Fibernet’s 1 Gbps wired internet service would soon be available in the 11 cities the company has presence in. NEW DELHI: ACT Fibernet launched 1 Gigabit per second wired broadband internet service in Hyderabad, the first player in the Indian market to offer such a high speed for an entire city.
ACT Fibernet, which claims to be the largest non-telco internet service provider3 (ISP), uses fiber optic technology, and its 1 Gbps offering is 400 times faster than the average internet speed of 2.5 megabits per second in India. Gigabit speeds, which have been around 2011, will allow downloads from the internet faster than transferring data from a USB drive4, and will be available for Rs 5,999 per month.
“With our citizens and the government moving towards the Digital India movement5, high speed internet is the need of the hour. With the launch of our 1 Gbps broadband internet service, it gives me immense pride to turn this dream into reality,” said Bala Malladi, CEO, ACT Fibernet . He added that such high speeds will transform the way internet is now being consumed at large and this will fast track the government’s target to connect all its 23 million Telangana residents through the Internet by 2018. Telangana’s Minister for IT K. Taraka Rama Rao said the 1Gbps internet speed offered by ACT in Hyderabad would help fulfil his vision of making Telangana a tech and digitally advanced hub. India is the second largest market globally with internet connectivity reaching over 400 million people. With the government’s efforts to internet enable cities, internet penetration is set to reach over 600 million users by 2020.
ACT Fibernet’s 1 Gbps wired internet service would soon be available in the 11 cities the company has presence in.