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Transactions - APRIL 18, 2022

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Sterlite Power acquires majority stake in India’s MTCIL

by Released

Sterlite Power has acquired a 64.98-percent equity stake in India’s Maharashtra Transmission Communication Infrastructure Ltd. (MTCIL), a joint venture with Maharashtra State Electricity Transmission Company, from Sterlite Technologies.

MTCIL is a public-private partnership for OPGW (optical-ground wire) fiber networks operating on a “BOOM” model. MTCIL operates a fiber network of about 3,162 kilometers (x miles) across 35 colocations, serving Telcos, ISPs and data centers, in the state of Maharashtra.

“OPGW fiber networks offer a reliable data delivery solution and help leverage the existing power utility infrastructure for telecommunications purposes,” said Pratik Agarwal, managing director of Sterlite Power. “We intend to replicate this PPP OPGW model in other parts of the country. Such large-scale OPGW fiber rollout is essential to achieve the ‘Digital India’ vision aimed at transforming the country into a digitally empowered society and knowledge e

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