ACT Fibernet leads Southern India broadband market

BENGALURU: Atria Convergence Technologies Pvt Ltd, popularly known as ACT, has announced that the company has grown its broadband Internet subscriber base to the extent that it is now the biggest private wireline broadband player in South India.

In its press release ACT Fibernet indicates that the company currently has 9.1 lakh subscribers and has added 1.2 lakh subscribers between December 31, 2014 and July 31, 2015, or added 26.92 per cent to the all India wired broadband Internet subscriber base growth of 5.2 lakhs during the period.

Speaking on the occasion, Bala Malladi, Group CEO of the ACT said, “ACT Fibernet has evolved over the years and this is a crucial landmark in the journey of ACT Fibernet. It underlines the strength of our business model and empowers a brand that is loved by customers across South India. It is our technological advancement coupled with our services that has sustained and enhanced customer satisfaction. We will continue to maximize Internet consumption in India and make it accessible to all.”

Among the five top wired broadband Internet service providers in India, ACT has shown the largest growth, both in absolute numbers and in market share. Overall, the company’s subscription numbers increased 22.95 per cent as on July 31, 2015 to 7.5 lakh from 6.1 lakh on December 31, 2015. ACT had a subscriber base of 7.9 as of September 30, 2015 and of 7.7 lakh as of August 31, 2015.

ACT Group has significant presence in cable and broadband markets in the states of Karnataka, Andhra Pradesh, Telangana and Tamil Nadu. From a sub-base of 30,000 in 2009, ACT recently crossed the 1000 crore revenue milestone and continues to surge ahead with a strong team of more than 6,500 employees across its markets.

ACT is currently leading in net wired broadband subscriber additions in calendar year 2016 with 50,000 subscribers added during the first two months of calendar year 2016 (CY-2016). As per data released by the Telecom Regulatory Authority of India (TRAI), ACT’s broadband subscriber base as on 29 February 2016 (Feb-16) was 9.1 lakh as compared to the 8.6 lakh subscribers as on 31 December 2015 (Dec-15).