Sterlite Technologies has won a ₹2,631 crore contract from Bharat Sanchar Nigam Limited (BSNL) to develop the middle-mile network under BharatNet Phase III in Jammu & Kashmir and Ladakh. The project aims to enhance digital connectivity in remote regions, supporting India’s push for fiber-based broadband expansion.
🔴 Key Highlights:
- The contract involves design, supply, construction, installation, upgradation, operation, and maintenance of the network.
- ₹1,620.50 crore will be spent on infrastructure development, while ₹972.30 crore is allocated for operational expenses over the next decade.
- The project will take three years to build, followed by a 10-year maintenance period.
- Sterlite Technologies’ shares surged 15% following the announcement, reflecting investor confidence in the company’s telecom expansion.
- BSNL’s BharatNet initiative aims to provide high-speed internet access to rural India, bridging the digital divide.
📢 Sterlite Technologies’ Statement:
“We are committed to delivering world-class fiber connectivity solutions that empower communities and drive India’s digital transformation.”
⚠️ Strategic Impact:
- The project strengthens India’s broadband infrastructure, ensuring seamless connectivity in underserved areas.
- Sterlite Technologies solidifies its position as a key player in India’s telecom sector, with long-term revenue stability.
👉 What do you think? Will BharatNet Phase III accelerate India’s digital revolution? Drop your thoughts in the comments!
🔴 Share this post to keep industry professionals informed! 🚀🔥
