In an event in Hyderabad, India, ACT Fibernet has launched the 1Gbps wired broadband internet service. According to the company, they are the first player in the Indian market to launch this service. For your information, ACT Fibernet is the India’s largest non-telco and 3rd largest Internet Service Provider. The ACT Fibernet 1Gbps wired broadband internet service cost Rs. 5,999 per month and comes with 1TB FUP. Sooner the service will be available in 11 cities.
ACT Fibernet has the best global fiber optic technology and they bring the world class experience with futuristic speeds to Indian consumers. The average internet speeds in India is 2.5Mbps and with the launch of 1Gbps wired broadband service, the internet speeds increase to 400x. As of now, only a few cities across the world are Giga enabled and the Giga speed will allow downloads from the internet faster than transferring data from a USB drive.
Talking about the market share, ACT Fibernet has 65% market share in Hyderabad and Secunderabad and growing strongly. They are the speed pioneer in the broadband industry and with this launch, they will provide internet connections at high speeds.
Globally, India is the second largest market in terms of internet connectivity and it reaches to over 400 million people. With the government constant and fervent efforts, the internet penetration will reach to over 600 million users by 2020. In addition to this, the government’s recent announcement will boost high-speed broadband via optic Fiber to 1,50,000 gram Panchayats, contributing to country’s digital growth.
Press Release Quote:
Speaking on the launch Mr. 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 to the Internet by 2018”.
Speaking at the launch, Honourable Minister for IT, Municipal Administration and Urban development and Industries, Shri. K. Taraka Rama 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 to high-speed internet and I am sure this product from ACT Fibernet will further help fulfill my vision of making Telangana a tech and digitally advanced hub.”