- Home >> Features >> Technology
Private equity firms in talks to sell stake in India’s ACT Fibernet
- Friday | 14th May, 2021
True North and TA Associates have begun talks with Switzerland’s private equity fund, Partners Group, to sell their 95% stake in Atria Convergence Technologies Ltd (ACT), India’s largest non-telco internet service provider. Airtel recently revealed that it is forming more partnerships with local cable operators to expand its home broadband services. Fixed broadband penetration in India is currently very low at 6.1%, and this can easily more than double in the next few years. Comparatively, China has a fixed broadband penetration of 86%. Fixed broadband penetration (% of households) is just 6.1% compared to 80-95% for many developed countries, ICICI Securities said.
If You Like This Story, Support NYOOOZ
Your support to NYOOOZ will help us to continue create and publish news for and from smaller cities, which also need equal voice as much as citizens living in bigger cities have through mainstream media organizations.
